Method and apparatus for order management by market brokers
DCFirst Claim
1. A broker workstation for managing buy and sell orders submitted to a broker from a plurality of customers for execution in a commodities, securities, securities options, futures contracts or futures options exchange, comprising:
- a first means for displaying information concerning a plurality of unexecuted orders submitted to a broker from a plurality of customers for execution, each of said unexecuted orders comprising a quantity of a particular commodity, security, option or contract to be bought or sold;
a computer for receiving order information, for controlling said first displaying means, and for calculating a total of said unexecuted orders for a particular commodity, security, option, or contract at the market price; and
means for entering data into the computer, said data comprising information concerning incoming orders submitted to a broker from a plurality of customers for execution;
wherein said first displaying means comprises means for displaying selected information about each incoming order, means for displaying selected information concerning orders that have been accepted for execution, and means for displaying said total of unexecuted orders.
1 Assignment
Litigations
0 Petitions
Accused Products
Abstract
There is provided a broker workstation for managing orders in a market for trading commodities, securities, securities options, futures contracts and futures options and other items including: a device for selectively displaying order information; a computer for receiving the orders and for controlling the displaying device; and a device for entering the orders into the computer; wherein the displaying device comprises a device for displaying selected order information about each incoming order, a device for displaying a representation of an order deck and a device for displaying a total of market orders. In another aspect of the invention, there is provided in a workstation having a computer, a device for entering order information into the computer and a device for displaying the order information entered, a method for managing orders in a market for trading commodities, securities, securities options, futures contracts and futures options and the like comprising the steps of: selectively displaying order information incoming to the workstation; accepting or rejecting orders corresponding to the incoming order information displayed; displaying accepted order information in a representation of a broker deck; and selectively displaying a total of orders at the market price.
-
Citations
13 Claims
-
1. A broker workstation for managing buy and sell orders submitted to a broker from a plurality of customers for execution in a commodities, securities, securities options, futures contracts or futures options exchange, comprising:
-
a first means for displaying information concerning a plurality of unexecuted orders submitted to a broker from a plurality of customers for execution, each of said unexecuted orders comprising a quantity of a particular commodity, security, option or contract to be bought or sold; a computer for receiving order information, for controlling said first displaying means, and for calculating a total of said unexecuted orders for a particular commodity, security, option, or contract at the market price; and means for entering data into the computer, said data comprising information concerning incoming orders submitted to a broker from a plurality of customers for execution; wherein said first displaying means comprises means for displaying selected information about each incoming order, means for displaying selected information concerning orders that have been accepted for execution, and means for displaying said total of unexecuted orders. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. In a workstation having a computer, means for entering data into the computer, and means for displaying the data entered, a method for managing buy and sell orders submitted to a broker from a plurality of customers for execution in a commodities, securities, securities options, futures contracts or futures options exchange, comprising the steps of:
-
entering data into the computer, said data comprising information concerning incoming orders from a plurality of customers to be executed by a broker; displaying selected information concerning a plurality of unexecuted orders, each of said unexecuted orders comprising a quantity of a particular commodity, security, option or contract to be bought or sold; accepting or rejecting orders corresponding to the incoming order information; displaying selected information concerning orders that have been accepted for execution; and calculating a total of said unexecuted orders for a particular commodity, security, option, or contract at the market price and displaying said total. - View Dependent Claims (9, 10, 11, 12, 13)
-
Specification