The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 20, 2012
Filed:
Apr. 16, 2009
Milan Borkovec, Boston, MA (US);
Ian Domowitz, New York, NY (US);
Mahmoud El-gamal, Sugar Land, TX (US);
Hans G. Heidle, Quincy, MA (US);
Aaron Schweiger, Brookline, MA (US);
Konstantin Tyurin, Quincy, MA (US);
Milan Borkovec, Boston, MA (US);
Ian Domowitz, New York, NY (US);
Mahmoud El-Gamal, Sugar Land, TX (US);
Hans G. Heidle, Quincy, MA (US);
Aaron Schweiger, Brookline, MA (US);
Konstantin Tyurin, Quincy, MA (US);
ITG Software Solutions, Inc., Culver City, CA (US);
Abstract
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.