Patent ID: 8725619

Claim:
A system for generating fair value prices of financial securities of international markets, the system comprising: a fair value server configured to be coupled with a data source so as to receive electronic data for a pre-selected universe of securities of an international market, said server comprising: a processor; and a memory coupled to the processor, wherein the memory stores program instructions executable by the processor to: select with the processor at least one return factor of a domestic financial market based on an out-of-sample performance of the return factor, compute with the processor, for each selected return factor, the return factor's daily return over a predetermined past period of time, calculate with the processor, for each selected return factor, a return factor coefficient for each security in the pre-selected universe of securities by performing a time series regression to obtain the contribution of each return factor's return to the security's overnight return, and transmit a data stream of the calculated return factor coefficients so as to be available to at least one third party via an electronic network.