Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1998-02-23
1999-06-22
Stamber, Eric W.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
705 9, 34082526, 34082544, G06F 1760, G06F 752
Patent
active
059152451
ABSTRACT:
A method of managing the activities of one or more floor brokers situated on the floor of an exchange is disclosed. In one respect, the method uses a programmed computer to compare a relative number of instructions having a pending status that have been delegated to the floor brokers and find the floor broker having comparatively few pending instructions. The computer then delegates a further instruction to the floor broker that has been found. Typical instructions that may be managed by the inventive method may be quotation requests, quotations, orders, partial executions, and executions. A related method enables an operator to delegate instructions to one of plural floor brokers by providing the operator with a computer and the floor brokers with two-way communication devices and by receiving at the operator's computer current-status information on any delegated instructions and automatically displaying that information at the computer.
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Carroll Stephen Tyler
O'Neill Desmond Sean
Patterson, Jr. L. Thomas
Papyrus Technology Corp.
Stamber Eric W.
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