Patent ID: 7788167

Claim:
A method for trade order management in an electronic trading environment, comprising: defining at a computing device a trading strategy that generates a trade order to buy or sell a tradeable object at an electronic exchange upon detecting a predefined event, wherein the electronic exchange comprises a matching process for matching incoming trade orders; detecting at the computing device the predefined event that triggers generation of the trade order; generating at the computing device an order message for the trade order to buy or sell a tradeable object at the electronic exchange, the trade order having an order quantity and an order price; inserting at the computing device an order descriptor identifier into the generated order message, wherein the order descriptor identifier comprises information that links the trade order to the trading strategy that generated the trade order upon detecting the predefined event; sending from the computing device the order message with the order descriptor identifier to the electronic exchange, wherein the order descriptor identifier is accessible by a software application that generated the trade order and other software applications that did not generate the trade order; receiving an order update related to the trade order from the electronic exchange, wherein the order update comprises the order descriptor identifier; and linking at the computing device the order update to the trading strategy based on the order descriptor identifier in the order update.