Patents by Inventor Ian Domowitz
Ian Domowitz has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
-
Patent number: 10679287Abstract: The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades.Type: GrantFiled: March 21, 2014Date of Patent: June 9, 2020Assignee: Virtu ITG Software Solutions LLCInventors: Ian Domowitz, Sabitha Arputham, Brian Kiernan, Kevin O'Connor
-
Publication number: 20190172143Abstract: The present invention provides methods and systems for managing short-term risk to a portfolio of securities holdings while executing an outstanding trade list. The methods and systems may include steps of determining covariances between securities in the outstanding trade list and securities in the portfolio of holdings; receiving a risk variable, at least one constraint on the execution of a trade, and a proposed quantity representing a portion of said outstanding trade list desired to be executed at a particular time; and determining an immediately executable trade list based at least in part on the covariances and risk variable. The executable trade list must satisfy all of the trade constraints and also must be substantially equal to or less then the proposed quantity.Type: ApplicationFiled: February 5, 2019Publication date: June 6, 2019Applicant: ITG Software Solutions, Inc.Inventors: John Krowas, Ian Domowitz
-
Publication number: 20180225763Abstract: 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.Type: ApplicationFiled: April 9, 2018Publication date: August 9, 2018Applicant: ITG Software Solutions, Inc.Inventors: Milan Borkovec, Ian Domowitz, Mahmoud El-Gamal, Hans G. Heidle, Aaron Schweiger, Konstantine Tyurin
-
Publication number: 20170148095Abstract: A method and computer program product for minimizing short-term risk to a portfolio of securities holdings during implementation of executing an outstanding trade list of securities to be traded, takes into account covariances between securities in the outstanding trade list and between securities in the outstanding trade list and securities in the portfolio of holdings so as to minimize risk to the portfolio of holdings as well as to a residual trade list of unexecuted orders during said implementation.Type: ApplicationFiled: July 27, 2016Publication date: May 25, 2017Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: John KROWAS, Ian Domowitz
-
Publication number: 20170109822Abstract: A network communication system and method are provided. The system and method communicate in a electronic trading environment and receive and send signals representing trading information in order to determine trading cost for trading pairs of currencies. In an embodiment, the system may request electronic price quotes from the set of electronic trading venues and may receive the electronic price quotes over a network. The system and method generates a cost curves that relates trading cost to order size for a plurality of order sizes. The system and method may determine trading costs for an electronic trade order based on the cost curves.Type: ApplicationFiled: March 20, 2015Publication date: April 20, 2017Applicant: ITG SOFTWARE SOLUTIONS, INCInventors: Milan BORKOVEC, Ian DOMOWITZ
-
Publication number: 20150120524Abstract: The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades.Type: ApplicationFiled: March 21, 2014Publication date: April 30, 2015Applicant: ITG Software Solutions, Inc.Inventors: Ian DOMOWITZ, Sabitha ARPUTHAM, Brian KIERNAN, Kevin O'CONNOR
-
Publication number: 20150012412Abstract: A trading platform computer system for detecting an abnormal trading condition of a security uses real-time and estimated values of one or more variables associated with the condition of the security to generate one or more analytic metrics that are compared to empirical distributions based on one or more peer groups for the security. An indicator can then be displayed to a trader as an indication of the abnormal condition.Type: ApplicationFiled: July 11, 2014Publication date: January 8, 2015Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: Yossef BRANDES, Ian DOMOWITZ, Milan BORKOVEC, Jian YANG, Robert D. SINCLAIR, Vitaly SERBIN
-
Publication number: 20140188762Abstract: Methods and systems for optimizing a plurality of portfolios, each portfolio including one or more shares of one or more tradable assets, and may include the steps of: receiving asset data associated with the plurality of the portfolios; receiving one or more optimization constraints including at least one global constraint defining a constraint to be applied across an aggregate of the plurality of portfolios; for each portfolio, optimizing the asset data based on the one or more optimization constraints to create optimized portfolio data; aggregating the optimized portfolio data to create aggregate optimized asset data; determining if the aggregate optimized asset data satisfies the at least one global constraint; and only if the at least one global constraint is satisfied, outputting the optimized asset data.Type: ApplicationFiled: January 21, 2014Publication date: July 3, 2014Applicant: ITG Software Solutions, Inc.Inventors: Leonid Alexander ZOSIN, Ananth Madhavan, Ian Domowitz
-
Patent number: 8738502Abstract: The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades.Type: GrantFiled: October 27, 2011Date of Patent: May 27, 2014Assignee: ITG Software Solutions, Inc.Inventors: Ian Domowitz, Sabitha Arputham, Brian Kiernan, Kevin O'Connor
-
Patent number: 8635141Abstract: Methods and systems for optimizing a plurality of portfolios, each portfolio including one or more shares of one or more tradable assets, and may include the steps of: receiving asset data associated with the plurality of the portfolios; receiving one or more optimization constraints including at least one global constraint defining a constraint to be applied across an aggregate of the plurality of portfolios; for each portfolio, optimizing the asset data based on the one or more optimization constraints to create optimized portfolio data; aggregating the optimized portfolio data to create aggregate optimized asset data; determining if the aggregate optimized asset data satisfies the at least one global constraint; and only if the at least one global constraint is satisfied, outputting the optimized asset data.Type: GrantFiled: December 10, 2010Date of Patent: January 21, 2014Assignee: ITG Software Solutions, Inc.Inventors: Leonid Alexander Zosin, Ananth Madhavan, Ian Domowitz
-
Publication number: 20130275336Abstract: The present invention provides methods and systems for managing short-term risk to a portfolio of securities holdings while executing an outstanding trade list. The methods and systems may include steps of determining covariances between securities in the outstanding trade list and securities in the portfolio of holdings; receiving a risk variable, at least one constraint on the execution of a trade, and a proposed quantity representing a portion of said outstanding trade list desired to be executed at a particular time; and determining an immediately executable trade list based at least in part on the covariances and risk variable. The executable trade list must satisfy all of the trade constraints and also must be substantially equal to or less then the proposed quantity.Type: ApplicationFiled: April 22, 2013Publication date: October 17, 2013Inventors: John KROWAS, Ian Domowitz
-
Publication number: 20130110695Abstract: The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades.Type: ApplicationFiled: October 27, 2011Publication date: May 2, 2013Applicant: ITG Software SolutionsInventors: Ian DOMOWITZ, Sabitha ARPUTHAM, Brian KIERNAN, Kevin O'CONNOR
-
Patent number: 8429054Abstract: The present invention provides methods and systems for managing short-term risk to a portfolio of securities holdings while executing an outstanding trade list. The methods and systems may include steps of determining covariances between securities in the outstanding trade list and securities in the portfolio of holdings; receiving a risk variable, at least one constraint on the execution of a trade, and a proposed quantity representing a portion of said outstanding trade list desired to be executed at a particular time; and determining an immediately executable trade list based at least in part on the covariances and risk variable. The executable trade list must satisfy all of the trade constraints and also must be substantially equal to or less then the proposed quantity.Type: GrantFiled: October 3, 2011Date of Patent: April 23, 2013Assignee: ITG Software Solutions, Inc.Inventors: John Krowas, Ian Domowitz
-
Publication number: 20120303549Abstract: A method and computer program product for minimizing short-term risk to a portfolio of securities holdings during implementation of executing an outstanding trade list of securities to be traded, takes into account covariances between securities in the outstanding trade list and between securities in the outstanding trade list and securities in the portfolio of holdings so as to minimize risk to the portfolio of holdings as well as to a residual trade list of unexecuted orders during said implementation.Type: ApplicationFiled: August 7, 2012Publication date: November 29, 2012Applicant: ITG Software Solutions, Inc.Inventors: John Krowas, Ian Domowitz
-
Publication number: 20120203709Abstract: The present invention provides methods and systems for managing short-term risk to a portfolio of securities holdings while executing an outstanding trade list. The methods and systems may include steps of determining covariances between securities in the outstanding trade list and securities in the portfolio of holdings; receiving a risk variable, at least one constraint on the execution of a trade, and a proposed quantity representing a portion of said outstanding trade list desired to be executed at a particular time; and determining an immediately executable trade list based at least in part on the covariances and risk variable. The executable trade list must satisfy all of the trade constraints and also must be substantially equal to or less then the proposed quantity.Type: ApplicationFiled: October 3, 2011Publication date: August 9, 2012Applicant: ITG Software Solutions, Inc.Inventors: John KROWAS, Ian Domowitz
-
Patent number: 8239302Abstract: A method and computer program product for minimizing short-term risk to a portfolio of securities holdings during implementation of executing an outstanding trade list of securities to be traded, takes into account covariances between securities in the outstanding trade list and between securities in the outstanding trade list and securities in the portfolio of holdings so as to minimize risk to the portfolio of holdings as well as to a residual trade list of unexecuted orders during said implementation.Type: GrantFiled: March 7, 2011Date of Patent: August 7, 2012Assignee: ITG Software Solutions, Inc.Inventors: John Krowas, Ian Domowitz
-
Publication number: 20120179597Abstract: 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.Type: ApplicationFiled: March 19, 2012Publication date: July 12, 2012Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: Milan BORKOVEC, Ian DOMOWITZ, Mahmoud El-GAMAL, Hans G. HEIDLE, Aaron SCHWEIGER, Konstantin TYURIN
-
Patent number: 8140427Abstract: 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.Type: GrantFiled: April 16, 2009Date of Patent: March 20, 2012Assignee: ITG Software Solutions, Inc.Inventors: Milan Borkovec, Ian Domowitz, Mahmoud El-Gamal, Hans G. Heidle, Aaron Schweiger, Konstantin Tyurin
-
Publication number: 20120066151Abstract: A computerized method for generating risk forecasts is provided. A set of securities is selected. A set of risk factors is selected. The risk factor returns a determined. A risk factor covariance matrix and an idiosyncratic variance matrix are constructed. For each risk factor, a factor loading coefficient is determined for each selected security. The risk factor covariance matrix is projected into a future forecast. The idiosyncratic variance matrix is projected into a future forecast. The factor loading coefficients, the future forecast of the risk factor covariance matrix, and the future forecast of the idiosyncratic variance matrix can be used to determine a forecast of the variance-covariance matrix for the selected securities.Type: ApplicationFiled: September 12, 2011Publication date: March 15, 2012Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: Ananth Madhavan, Artem V. Asriev, Scott J. Kartinen, Jian Yang, Vitaly Serbin, Ian Domowitz, Kenneth E. Gosier
-
Publication number: 20110276464Abstract: A trading platform computer system for detecting an abnormal trading condition of a security uses real-time and estimated values of one or more variables associated with the condition of the security to generate one or more analytic metrics that are compared to empirical distributions based on one or more peer groups for the security. An indicator can then be displayed to a trader as an indication of the abnormal condition.Type: ApplicationFiled: July 19, 2011Publication date: November 10, 2011Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: Yossef BRANDES, Ian DOMOWITZ, Milan BORKOVEC, Jian YANG, Robert D. SINCLAIR, Vitaly SERBIN