Patent ID: 8682778

Claim:
A method for managing pending orders, the method comprising: submitting a first order for a first quantity of a first tradable object at a first price and a second order for a second quantity of a second tradable object at a second price from a computing device in response to receiving a user command via a user input associated with the computing device, where the second price is determined according to the first price and a predetermined relationship between the first tradable object and the second tradable object, and where the first order is submitted to a first electronic exchange and the second order is submitted to a second electronic exchange; receiving, via an input device associated with the computing device, an electronic market data transmission from the first electronic exchange for a first updated order parameter for the first order, the electronic market data transmission being received at a first time when both the first order is executable at the first electronic exchange and the second order is executable at the second electronic exchange; and submitting, via the computing device, an update message to the second electronic exchange to update the second order with a second updated order parameter determined according to the predetermined relationship and the first updated order parameter.