Hans Gerhard Heidle

US Patent:

20180225763, Aug 9, 2018

Filed:

Apr 9, 2018

Appl. No.:

15/948430

Inventors:

- Culver city CA, 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
Konstantine Tyurin - Quincy MA, US

Assignee:

ITG Software Solutions, Inc. - Culver City CA

International Classification:

G06Q 40/04
G06Q 40/06
G06Q 10/04

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.

US Patent:

20140195406, Jul 10, 2014

Filed:

Jan 21, 2014

Appl. No.:

14/160212

Inventors:

- Culver City CA, US
Ananth Madhavan - New York NY, US
Hans Heidle - New York NY, US

Assignee:

ITG SOFTWARE SOLUTIONS, INC. - Culver City CA

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

A method for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trading strategy or an optimal trading strategy that minimizes transaction costs. The system accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. Two models are utilized: discretionary and non-discretionary. A specific transaction cost estimation and optimization is performed that model the transaction costs of a specific trade execution based on the user's trading profile and market variables.