Patent ID: 8533105
Filing Date: 2013-09-10
Classification: G06Q

Abstract:
1. A method of operating a handheld computing device comprising: wirelessly receiving a plurality of orders to trade a security associated with a security symbol, wherein the security symbol has been assigned to a broker identifier (ID) and the broker ID is associated with the handheld computing device; receiving an input from a broker associated with the broker ID indicating an execution of a trade of the security, the input including an execution price and an executed quantity; performing an estimated allocation of the executed quantity among the plurality of orders and updating a remaining order quantity for each of the plurality of orders based on the estimated allocation; wirelessly transmitting information about the execution and the estimated allocation to a booth station associated with the security symbol; wirelessly receiving a final allocation of the executed quantity from the booth station; and adjusting the remaining order quantity for each of the plurality of orders based on differences between the estimated allocation and the final allocation.