Itg Software Solutions, Inc.

Virtu Itg Software Solutions LLC

Konstantin Tyurin

Ian Domowitz

Milan Borkovec

Hans Heidle

Mahmoud El-Gamal

Aaron Schweiger

Hans G Heidle

A system, method and computer program product are provided for forecasting the transaction costs of a trade using empirical data and user-defined modeling constraints based on real-time data regarding changes in market conditions. In preferred embodiments, the invention acts as a forecaster whereby it accepts inputs from customers and identifies real-time market analytics, and provides dynamically adjusted ex ante cost estimates and metrics for the prevailing market conditions. Specific cost estimation and optimization algorithms can be provided to model transaction costs of a specific trade based on empirical data and real-time variables.

Systems, methods and computer program products for adaptive transaction cost estimation

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Quincy, MA, United States of America

Konstantin Tyurin