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Order centric tracking system

  • US 6,505,175 B1
  • Filed: 10/06/1999
  • Issued: 01/07/2003
  • Est. Priority Date: 10/06/1999
  • Status: Expired due to Term
First Claim
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1. A computer implemented method for processing an order for a security, the method comprising the steps of:

  • receiving an order for a security into a computerized order management system;

    representing the security with a symbol in the computerized order management system;

    allocating the symbol in the computerized order management system to a booth, wherein the allocation is accomplished by an automated process executed by the computerized order management system;

    allocating the symbol to a floor broker ID, wherein the allocation is accomplished by an automated process executed by the computerized order management system;

    transmitting the order to a computer server;

    associating a computerized booth station with the booth;

    routing the order through the computer server to the computerized booth station associated with the booth to which the symbol has been allocated;

    logging the floor broker ID into a handhold computing device; and

    routing the order through the computer server to the handheld computing device into which the floor broker ID to which the symbol has been allocated has been logged.

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