Method and apparatus for order management by market brokers

  • US 5,297,031 A
  • Filed: 03/06/1990
  • Issued: 03/22/1994
  • Est. Priority Date: 03/06/1990
  • Status: Expired due to Term
First Claim
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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.

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