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1. (WO2010121087) SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR ADAPTIVE TRANSACTION COST ESTIMATION

Pub. No.:    WO/2010/121087    International Application No.:    PCT/US2010/031327
Publication Date: Fri Oct 22 01:59:59 CEST 2010 International Filing Date: Sat Apr 17 01:59:59 CEST 2010
IPC: G06Q 40/00
Applicants: ITG SOFTWARE SOLUTIONS, INC.
BORKOVEC, Milan
DOMOWITZ, Ian
EL-GAMAL, Mahmoud
HEIDLE, Hans, G.
SCHWEIGER, Aaron
TYURIN, Konstantin
Inventors: BORKOVEC, Milan
DOMOWITZ, Ian
EL-GAMAL, Mahmoud
HEIDLE, Hans, G.
SCHWEIGER, Aaron
TYURIN, Konstantin
Title: SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR ADAPTIVE TRANSACTION COST ESTIMATION
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.