Patent ID: 7848994

Claim:
A method for managing orders in an electronic trading environment, the method comprising: receiving an order request via an input device associated with a client computing device to submit a first order for a first quantity of a first tradeable object at a first price from the client computing device to a first electronic exchange; in response to receiving the order request: (i) submitting the first order from the client computing device to the first electronic exchange for the first quantity of the first tradeable object, (ii) determining a second price of a second order for a second tradeable object according to the first price and a predetermined relationship between the first tradeable object and the second tradeable object, and (iii) submitting the second order from the client computing device to a second electronic exchange for a second quantity of the second tradeable object at the second price, the second order being submitted from the client computing device substantially simultaneously as the first order, where, at a first time subsequent to both the first order and the second order being submitted, the first order is executable by the first electronic exchange and the second order is executable by the second electronic exchange; receiving, at the client computing device at the first time, an electronic market data transmission from the first electronic exchange, the electronic market data transmission including a first updated order parameter for the first order; and in response to receiving the electronic market data transmission, submitting an update message via the client computing device to the second electronic exchange to update the second order executable by the second electronic exchange with a second updated order parameter determined according to the predetermined relationship and the first updated order parameter.