Company Filing History:
Years Active: 2009-2014
Title: **Innovative Contributions of Milan Borkovec in Algorithmic Trading**
Introduction
Milan Borkovec, a notable inventor based in Boston, MA, has made significant contributions to the realm of algorithmic trading, holding a total of eight patents. His innovative approaches aim to enhance the efficiency and effectiveness of trading strategies in dynamic market environments.
Latest Patents
Among his latest inventions, Borkovec has developed an **Algorithmic Trading System and Method**, which allows market participants to assess the likelihood of discovering hidden volume in trading activities. This advanced system can predict hidden volume and estimate the probability of a market order being executed within the spread, as well as better than the mid-quote. Additionally, it provides insights into the cost associated with immediate execution.
Another notable patent is the **System, Method and Program for Agency Cost Estimation**. This invention offers a method and computer program product designed to forecast transaction costs related to portfolio trade execution. Applicable to any trading strategy, the system utilizes user-defined input variables to generate detailed transaction cost estimation reports, employing two models: discretionary and non-discretionary. It effectively models the transaction costs for specific trade executions based on the user's trading profile and relevant market variables.
Career Highlights
Borkovec is currently affiliated with Itg Software Solutions, Inc., where he applies his expertise in developing innovative software solutions for the trading industry. His work continues to drive advancements in algorithmic strategies, contributing to more informed decision-making in market transactions.
Collaborations
During his career, Borkovec has had the opportunity to collaborate with talented colleagues including Hans Heidle and Robert D. Sinclair. These partnerships have facilitated the exchange of ideas and have been instrumental in pushing the boundaries of technology in trading.
Conclusion
Milan Borkovec's innovative inventions and collaborative efforts have positioned him as a key figure in the field of algorithmic trading. His patents not only improve the efficiency of trade execution but also enhance the understanding of transaction costs, making a lasting impact on the trading landscape.