Invention Grant
- Patent Title: System and method for executing strategy security trading
- Patent Title (中): 执行战略安全交易的制度和方法
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Application No.: US13184790Application Date: 2011-07-18
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Publication No.: US08751363B2Publication Date: 2014-06-10
- Inventor: David C Cushing , M. Mitch Bulajic , Rohit D'Souza , Kenneth Kramer
- Applicant: David C Cushing , M. Mitch Bulajic , Rohit D'Souza , Kenneth Kramer
- Applicant Address: US CA Culver City
- Assignee: ITG Software Solutions, Inc.
- Current Assignee: ITG Software Solutions, Inc.
- Current Assignee Address: US CA Culver City
- Agency: Rothwell, Figg, Ernst & Manbeck, P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A computer implemented method and system for executing block trades for a security includes steps or devices for receiving a block trade request, at a computer system. The block request includes data representing a quantity of shares of the security to be traded over a period of time. The computer system divides the period of time into a plurality of time bins. A computer system, for the received block trade request, computes, for each time bin, a number of shares to be traded as a trading target based on at least historical trading volumes using predictive analysis. For a first time bin, a computer system generates executable trade orders for a number of shares to be traded that is substantially equal to the trading target for the first time bin. A computer system executes at least a portion of the executable trade orders in a trade forum within each time bin in the future.
Public/Granted literature
- US20110276459A1 SYSTEM AND METHOD FOR EXECUTING STRATEGY SECURITY TRADING Public/Granted day:2011-11-10
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