Patent ID: 8706605

Claim:
A system for submitting trading orders, comprising: a processor coupled to an input device and a computer network; and a memory, coupled to the processor, that stores software instructions which, when executed by the processor, direct the processor to: (a) receive from a user a trading order comprising a total quantity of a trading product offered for trade on an electronic exchange; (b) receive from the user a selection of a formula that can be used in determining a replenishment quantity; (c) designate a displayed quantity of the trading order, the displayed quantity comprising a portion of the total quantity of the trading order; (d) determine a reserved quantity based on the designated displayed quantity and an unfilled portion of the total quantity; (e) communicate the trading order to a server in communication with the processor over the computer network; (f) receive confirmation that an amount of the trading order has been filled, wherein the confirmation is received from a server in communication with the processor over the computer network; (g) update the total quantity of the trading order by reducing the total quantity by the amount of the trading order that was filled as confirmed in operation (f); (h) determine a replenishment quantity for the trading order using the formula; (i) cause the designated displayed quantity to be updated based on the determined replenishment quantity; and (j) repeat operations (d) through (i).