Two-way wireless system for financial industry transactions

Details Two-way wireless system for financial industry transactions Two-way wireless system for financial industry transactions

1994-09-20

1998-06-30

Voeltz, Emanuel T.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

395209, 395674, 395675, G06F 1760, G06F 752

Patent

active

057748772

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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