SBIR Phase I: Advanced Mathematical Algorithms to Improve Execution-Quality of Block Trades
This Small Business Innovation Research (SBIR) Phase I project addresses the need for improved block trading capabilities in the financial markets. Block trading, or sell-side trading, involves transacting large blocks of stock (for example, 450,000 shares of IBM), while trying to minimize market impact and receive the best price for the stock. Block-trading technology is necessary for institutions holding large positions in equities. Much of the current block-trading technology is inefficient and expensive, often being done by hand or by very simple software systems. The research proposed here will leverage Benchmark's expertise in diffusive systems and high-frequency trading technology. Benchmark's proposed block-trading system will reduce market impact, lower transaction costs, and improve returns for institutions making large block trades. The potential commercial value of an advanced block-trading system is substantial and global. Also, fundamental advances in spacetime finite element inversion associated with this research may have broader application to numerical simulation in other fields.
Small Business Information at Submission:
Benchmark Simulation, LLC
28600 Hwy. 200 E. Ste. 205 Potomac, MT 59823
Number of Employees: