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System and method for optimizing order execution

  • US 8,352,354 B2
  • Filed: 07/16/2010
  • Issued: 01/08/2013
  • Est. Priority Date: 02/23/2010
  • Status: Active Grant
First Claim
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1. A computer-implemented method for optimizing automatic execution of an order for securities, comprising:

  • receiving, by one or more computer processors, an order for specified securities;

    applying, by the one or more computer processors, a profile to the order wherein the profile comprises data pertaining to trading habits of a portfolio manager;

    routing, by the one or more computer processors, the order and the profile to a prediction model;

    receiving, by the one or more computer processors, results from the prediction model;

    applying, by the one or more computer processors, a set of rules to the order for determining an execution strategy for the order;

    routing, by the one or more computer processors, the order for execution in accordance with the set of rules and the results from the prediction model;

    receiving, by the one or more computer processors, feedback on the execution of the order;

    updating, by the one or more computer processors, the set of rules based on the feedback; and

    forwarding, by the one or more computer processors, the feedback to a third party for updating the prediction model.

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