System and method for executing strategy security trading

US8751363B2 · kind B2 · utility

Assignee

• ITG Software Solutions, Inc. · US

Inventors

• David Cushing · Lexington, US
• M. Mitch Bulajic · New York, US
• Rohit D'Souza · New York, US
• Kenneth J. Kramer · White Plains, US

Key dates

• Filing date: Jul 18, 2011
• Grant date: Jun 10, 2014
• Expiry date: Jan 24, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

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.