Kenneth L Kramer

US Patent:

7613647, Nov 3, 2009

Filed:

Oct 31, 2000

Appl. No.:

09/699503

Inventors:

David C. Cushing - Lexington MA, US
M. Mitch Bulajic - New York NY, US
Rohit D'Souza - New York NY, US
Kenneth Kramer - White Plains NY, US

Assignee:

ITG Software Solutions, Inc. - Culver City CA

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

The present invention provides a system for executing trades of securities according to predefined trading strategies comprising a network having a plurality of servers. Each server is programmed with a specific trading strategy algorithm and receives trade orders and executes them according to the trading strategy algorithm programmed therein. The servers are connected to a plurality of clients over a communication network, and clients enter trade orders through the communication network to the server associated with the trading strategy the client desires to use to complete its trade order. The present invention also provides a method for executing a trade order for a security. The method comprises the steps of providing a server connected to a communication network with the server being programmed with a specific trading strategy algorithm. Trade orders received at the server over the network from clients are executed in the server according to the specific trading strategy algorithm.

US Patent:

7983982, Jul 19, 2011

Filed:

Nov 2, 2009

Appl. No.:

12/610958

Inventors:

David C Cushing - Lexington MA, US
M. Mitch Bulajic - New York NY, US
Rohit D'Souza - New York NY, US
Kenneth Kramer - White Plains NY, US

Assignee:

ITG Software Solutions, Inc. - Culver City CA

International Classification:

G06Q 40/00

US Classification:

705 37

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.

US Patent:

20110276459, Nov 10, 2011

Filed:

Jul 18, 2011

Appl. No.:

13/184790

Inventors:

David C. CUSHING - Lexington MA, US
M. Mitch Bulajic - New York NY, US
Rohit D'Souza - New York NY, US
Kenneth Kramer - White Plains NY, US

Assignee:

ITG SOFTWARE SOLUTIONS, INC. - Culver City CA

International Classification:

G06Q 40/00

US Classification:

705 37

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.