System and method for estimating transaction costs related to trading a security
US7539636B2 · kind B2 · utility
7Cited by
2References
54Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Oct 1, 2003 |
| Grant date | May 26, 2009 |
| Priority date | — |
| Expiry date | Oct 1, 2023 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for creating a peer group database includes a step of collecting security transaction data for a preselected period of time, for a plurality of investment institutions. The transaction data includes identity of securities being traded, transaction order sizes, execution prices and execution times. The transaction data is grouped into a plurality of orders. A plurality of cost benchmarks are calculated for each of the orders. Transaction costs are estimated for each investment institution relative to the cost benchmarks. The data is stored.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.