Patent ID: 7107240

Claim:
A computer implemented method for processing an order for a security traded on a floor of a trading exchange, the method comprising the steps of: representing the security with a symbol in a computerized order management apparatus; allocating the symbol in the computerized order management apparatus to a booth, wherein the allocation is accomplished by an automated process executed by the computerized order management apparatus; allocating the symbol to a floor broker ID, wherein the allocation is accomplished by an automated process executed by the computerized order management apparatus; transmitting an order message comprising a request to trade the security on a trading exchange to a computer server; associating a computerized booth station with the booth; routing the order message through the computer server to the computerized booth station associated with the booth to which the symbol has been allocated; and routing the order message through the computer server to a handheld computing device associated with the floor broker ID to which the symbol has been allocated, wherein said order message comprises: an order ID, the symbol, an order price, and an order quantity.