Patent ID: 7720732
Filing Date: 2010-05-18
Classification: G06Q

Abstract:
1. A computer-implemented method for generating a securities transaction recommendation to participants in a financial trading system, comprising steps of: by a computer, receiving historical transaction data for a plurality of executed securities transactions over an electronic data network, the transaction data for each executed securities transaction including a security name, price of the security, industry of the security, total number of shares of the securities transaction, a type of the securities transaction and an identification of a party to the executed securities transaction and characteristics of that party; receiving, by said computer, data for a proposed securities transaction, said data including security name, price, total number of shares, transaction type, industry of the security, identification of the party proposing the proposed securities transaction, and characteristics of the proposing party; determining, by said computer, which executed securities transactions of said historical transaction data are relevant to said proposed securities transaction, the relevance being based on a match between one or more data elements of an executed securities transaction of said plurality of execution securities transaction with one or more corresponding data elements of the proposed securities transaction; generating, by said computer, a confidence indicator for each executed securities transaction determined to be relevant, said confidence indicator being a percentage indicating relative aggressiveness associated with an executed securities transaction; generating, by said computer, a conviction indicator, wherein said conviction indicator is an average of confidence indicators for each combination of a security and a party to the transaction for each executed securities transactions determined to be relevant; and generating, by said computer, a recommendation relating to said proposed securities transaction based on said transaction data of the executed securities transactions determined to be relevant to the proposed securities transaction, wherein said recommendation is generated by weighting each securities transaction of said securities transactions determined to be relevant based on at least a measured level of expertise of the identified party associated with the executed securities transaction and by weighting the executed securities transactions determined to be relevant based on the associated confidence indicator or the associated conviction indicator, and aggregating the weighted data.