Patents by Inventor Milan P Borkovec

Milan P Borkovec 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).

  • SYSTEM AND METHOD FOR EVALUATING SECURITY TRADING TRANSACTION COSTS
    Publication number: 20110196773
    Abstract: A system and method for comparing investment transaction costs of institution peers includes database and a processor coupled to a network. The processor may be configured receive, via the network, security transaction data of investment institutions, which included data for traded securities, transaction order sizes, execution prices, peer identities and timestamps. The processor is further capable of grouping transaction data into groups of orders, calculating order costs and environmental factors for each order, and calculating a peer's average order cost within each group. The data are stored in the database so that it may be retrieved and displayed.
    Type: Application
    Filed: September 7, 2010
    Publication date: August 11, 2011
    Applicant: ITG SOFTWARE SOLUTIONS, INC.
    Inventors: Jon FATICA, Michael Williams, David Turner, Kevin O'connor, Joseph Emanuelli, Milan P. Borkovec, Ananth Madhavan, Artem V. Asriev, Kumar Giritharan, Thomas Strande
  • System and Method for Estimating Transaction Costs Related to Trading a Security
    Publication number: 20090299889
    Abstract: A method for creating a peer group database includes a step of collecting security transaction data for a preselected period of time, for a plurality of investment institutions. The transaction data includes identity of securities being traded, transaction order sizes, execution prices and execution times. The transaction data is grouped into a plurality of orders. A plurality of cost benchmarks are calculated for each of the orders. Transaction costs are estimated for each investment institution relative to the cost benchmarks. The data is stored.
    Type: Application
    Filed: May 22, 2009
    Publication date: December 3, 2009
    Applicant: ITG SOFTWARE SOLUTIONS, INC.
    Inventors: Ananth MADHAVAN, Artem V. ASRIEV, Milan P. BORKOVEC
  • System and method for estimating transaction costs related to trading a security
    Patent number: 7539636
    Abstract: A method for creating a peer group database includes a step of collecting security transaction data for a preselected period of time, for a plurality of investment institutions. The transaction data includes identity of securities being traded, transaction order sizes, execution prices and execution times. The transaction data is grouped into a plurality of orders. A plurality of cost benchmarks are calculated for each of the orders. Transaction costs are estimated for each investment institution relative to the cost benchmarks. The data is stored.
    Type: Grant
    Filed: October 1, 2003
    Date of Patent: May 26, 2009
    Assignee: ITG Software Solutions, Inc.
    Inventors: Ananth Madhavan, Artem V. Asriev, Milan P Borkovec
  • System and method for estimating transaction costs related to trading a security
    Publication number: 20040215549
    Abstract: A method for creating a peer group database includes a step of collecting security transaction data for a preselected period of time, for a plurality of investment institutions. The transaction data includes identity of securities being traded, transaction order sizes, execution prices and execution times. The transaction data is grouped into a plurality of orders. A plurality of cost benchmarks are calculated for each of the orders. Transaction costs are estimated for each investment institution relative to the cost benchmarks. The data is stored.
    Type: Application
    Filed: October 1, 2003
    Publication date: October 28, 2004
    Applicant: Investment Technology Group, Inc.
    Inventors: Ananth Madhavan, Artem V. Asriev, Milan P. Borkovec