Patent ID: 7761388

Claim:
computer-implemented method of predicting a future price range for a desired volume of a traded item, the method comprising the computer-implemented steps of: retrieving by a computer historical transactions represented by records of prior trades of the traded item, the records including for each prior trade a trade price and trade volume for the prior trade of the traded item; defining a comparison volume at least in part based on the desired volume: selecting by the computer one or more historical transactions; comparing by the computer a total volume of the selected one or more historical transactions with the comparison volume; determining by the computer based on the comparison that the selected one or more historical transactions have a total volume that substantially corresponds to the comparison volume; deriving by the computer statistical information regarding a distribution of prices for the selected one or more historical transactions; predicting the future price range for the desired volume at least in part based on the statistical information regarding the distribution of prices for the selected one or more historical transactions; and providing an output indicative of the prediction.