System and method for adapting market data and evaluating the market value of transactions
First Claim
1. In a networked environment, a system comprising:
- at least one server comprising;
a network interface;
a non-transitory computer-readable medium having computer-executable instructions stored thereon, wherein the computer-executable instructions, when executed, implement components including at least;
a metric server adapter; and
a metrics application; and
a processor in communication with the network interface and the computer-readable medium, wherein the processor is configured to execute the computer-executable instructions stored in the computer-readable medium;
wherein;
the metric server adapter includes governing logic programmed to manage at least one evaluation service and a plurality of predefined instructions that pertain to the at least one evaluation service and/or data used to provide the at least one evaluation service;
the metrics application includes one or more production applications or modules programmed to manage one or more purchase and/or analysis processes, to execute the at least one evaluation service in coordination with the metric server adapter, and to manage one or more user interfaces that, in operation, facilitate interactions with the at least one server; and
in operation, the at least one server is configured to receive from at least one computing device, or retrieve from at least one data source accessible to the at least one server, at least one transaction data set, via the network interface, wherein each received or retrieved transaction data set identifies a buy-side and a sell-side and includes price data for at least one transaction, each side of the transaction data set identifying at least one item possessing attributes that include two or more parameter values or identifying a plurality of items possessing attributes that differ by at least one parameter value; and
wherein receipt or retrieval of at least one transaction data set causes the at least one server to implement the at least one evaluation service, which causes the metrics application, for each transaction data set, to;
obtain time-dependent metric data from at least one data source accessible to the at least one server, wherein the obtained metric data represents market reference data including market reference price data for one or more responsive items possessing attributes that are responsive to attributes of a respective item identified in the transaction data set, wherein each responsive item in the metric data possesses a plurality of attributes including at least one parameter value;
evaluate the plurality of attributes of each responsive item in the metric data relative to the attributes of the respective item identified in the transaction data set to dynamically discover relationships within the attributes, wherein discovery of a relationship comprising a difference is disclosed to the metric server adapter which enables the metric server adapter to contextually define transaction-specific instructions for adapting the metric data for the respective item;
normalize the metric data by executing the transaction-specific instructions for adapting the metric data for the respective item, wherein execution of at least one transaction-specific instruction causes one or more adjustment values to be generated and applied to the market reference price data for at least one responsive item that differs by at least one parameter value from the respective item as identified in the transaction data set, transforming the market reference price data for the at least one responsive item and automatically producing one or more transaction-specific market reference price data values for the respective item; and
wherein the metrics application is further programmed to expose one or a combination of the transaction-specific market reference price data values produced for at least one respective item as identified in at least one side of the at least one received or retrieved transaction data set, via the network interface, to one or more computing devices.
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Abstract
A system includes a remotely-located server that implements components including metric server adapter and a metrics application. The metric server adapter manages governing logic of an evaluation service and predefined instructions that pertain to the evaluation service and/or data used to provide the evaluation service. The metrics application executes the evaluation service in coordination with the metric server adapter. The remotely-located server receives or retrieves a transaction data set. The metrics application obtains time-dependent metric data including market reference price data for one or more responsive items. The metrics application dynamically discovers a difference in the attribute data and the metric server adapter contextually defines transaction-specific instructions for adapting the metric data. An adjustment value applied to the market reference price data transforms the market reference price data. Transaction-specific market reference price data values are exposed to one or more computing devices in communication with the remotely-located server.
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Citations
54 Claims
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1. In a networked environment, a system comprising:
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at least one server comprising; a network interface; a non-transitory computer-readable medium having computer-executable instructions stored thereon, wherein the computer-executable instructions, when executed, implement components including at least; a metric server adapter; and a metrics application; and a processor in communication with the network interface and the computer-readable medium, wherein the processor is configured to execute the computer-executable instructions stored in the computer-readable medium; wherein; the metric server adapter includes governing logic programmed to manage at least one evaluation service and a plurality of predefined instructions that pertain to the at least one evaluation service and/or data used to provide the at least one evaluation service; the metrics application includes one or more production applications or modules programmed to manage one or more purchase and/or analysis processes, to execute the at least one evaluation service in coordination with the metric server adapter, and to manage one or more user interfaces that, in operation, facilitate interactions with the at least one server; and in operation, the at least one server is configured to receive from at least one computing device, or retrieve from at least one data source accessible to the at least one server, at least one transaction data set, via the network interface, wherein each received or retrieved transaction data set identifies a buy-side and a sell-side and includes price data for at least one transaction, each side of the transaction data set identifying at least one item possessing attributes that include two or more parameter values or identifying a plurality of items possessing attributes that differ by at least one parameter value; and wherein receipt or retrieval of at least one transaction data set causes the at least one server to implement the at least one evaluation service, which causes the metrics application, for each transaction data set, to; obtain time-dependent metric data from at least one data source accessible to the at least one server, wherein the obtained metric data represents market reference data including market reference price data for one or more responsive items possessing attributes that are responsive to attributes of a respective item identified in the transaction data set, wherein each responsive item in the metric data possesses a plurality of attributes including at least one parameter value; evaluate the plurality of attributes of each responsive item in the metric data relative to the attributes of the respective item identified in the transaction data set to dynamically discover relationships within the attributes, wherein discovery of a relationship comprising a difference is disclosed to the metric server adapter which enables the metric server adapter to contextually define transaction-specific instructions for adapting the metric data for the respective item; normalize the metric data by executing the transaction-specific instructions for adapting the metric data for the respective item, wherein execution of at least one transaction-specific instruction causes one or more adjustment values to be generated and applied to the market reference price data for at least one responsive item that differs by at least one parameter value from the respective item as identified in the transaction data set, transforming the market reference price data for the at least one responsive item and automatically producing one or more transaction-specific market reference price data values for the respective item; and wherein the metrics application is further programmed to expose one or a combination of the transaction-specific market reference price data values produced for at least one respective item as identified in at least one side of the at least one received or retrieved transaction data set, via the network interface, to one or more computing devices. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. In a networked environment, a method comprising:
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receiving, at at least one server, via a network interface, at least one transaction data set from at least one computing device, or retrieving at least one transaction data set from at least one data source accessible to the at least one server, the at least one server under the control of computer-executable instructions that, when executed by a processor, implement a plurality of components including at least a governing logic component and a production component, wherein each received or retrieved transaction data set identifies a buy-side and a sell-side and includes price data for at least one transaction, and wherein each side of the transaction data set identifies at least one item possessing attributes that include two or more parameter values or identifies a plurality of items possessing attributes that differ by at least one parameter value; wherein, for each received or retrieved transaction data set, the method further comprises implementing, by the at least one server, at least one evaluation service that, in operation, includes; obtaining, by the production component, time-dependent market reference data from at least one data source accessible to the at least one server, wherein the market reference data includes market reference price data for one or more responsive items possessing attributes that are responsive to attributes of a respective item identified in the transaction data set, wherein each responsive item possesses a plurality of attributes including at least one parameter value; evaluating, by the production component, the plurality of attributes of each responsive item in the market reference data relative to the attributes of the respective item identified in the transaction data set to dynamically discover relationships within the attributes, wherein discovery of a relationship comprising a difference is disclosed to the governing logic component which enables the governing logic component to ascertain which of a plurality of predefined instructions that pertain to the at least one evaluation service are applicable to the responsive item; contextually defining, by the governing logic component, transaction-specific instructions for adapting the market reference data for the respective item; and normalizing the market reference data, wherein the production component executes the transaction-specific instructions for adapting the market reference data for the respective item, wherein execution of at least one transaction-specific instruction causes one or more adjustment values to be generated and applied to the market reference price data for at least one responsive item that differs by at least one parameter value from the respective item as identified in the transaction data set, transforming the market reference price data for the at least one responsive item and automatically producing one or more transaction-specific market reference price data values for the respective item; and exposing, by the production component, one or a combination of the transaction-specific market reference price data values produced for at least one respective item as identified in at least one side of the at least one received or retrieved transaction data set, via the network interface, to one or more computing devices. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50)
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51. In a networked service provider environment usable via system-managed user interfaces, a non-transitory computer-readable medium having computer-executable instructions stored thereon, wherein in response to execution, the computer-executable instructions cause at least one server to perform operations comprising:
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receiving, at the at least one server, via a network interface, at least one transaction data set from at least one computing device, or retrieving at least one transaction data set from at least one data source accessible to the at least one server, the at least one server under the control of computer-executable instructions that, when executed by a processor, implement a plurality of components including at least a governing logic component and a production component, wherein each received or retrieved transaction data set identifies a buy-side and a sell-side and includes price data for at least one transaction, and wherein each side of the transaction data set identifies at least one item possessing attributes that include two or more parameter values or identifies a plurality of items possessing attributes that differ by at least one parameter value; implementing at least one evaluation service wherein, for each received or retrieved transaction data set, the computer-executable instructions cause the at least one server to; obtain, by the production component, time-dependent market reference data from at least one data source accessible to the at least one server, wherein the market reference data includes market reference price data for one or more responsive items possessing attributes that are responsive to attributes of a respective item identified in the transaction data set, wherein each responsive item possesses a plurality of attributes including at least one parameter value; evaluate, by the production component, the plurality of attributes of each responsive item in the market reference data relative to the attributes of the respective item identified in the transaction data set to dynamically discover relationships within the attributes, wherein discovery of a relationship comprising a difference is disclosed to the governing logic component which enables the governing logic component to ascertain which of a plurality of predefined instructions that pertain to the at least one evaluation service are applicable to the responsive item; contextually define, by the governing logic component, transaction-specific instructions for adapting the market reference data for the respective item; and normalize the market reference data, wherein the production component executes the transaction-specific instructions for adapting the market reference data for the respective item, wherein execution of at least one transaction-specific instruction causes one or more adjustment values to be generated and applied to the market reference price data for at least one responsive item that differs by at least one parameter value from the respective item as identified in the transaction data set, transforming the market reference price data for the at least one responsive item and automatically producing one or more transaction-specific market reference price data values for the respective item; and exposing, by the production component, one or a combination of the transaction-specific market reference price data values produced for at least one respective item as identified in at least one side of the at least one received or retrieved transaction data set, via the network interface, to one or more computing devices. - View Dependent Claims (52, 53, 54)
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Specification