Patent ID: 7483855

Claim:
A method for order entry in an automated electronic trading environment having at least one accessible electronic exchange to trade at, the method comprising the steps of: receiving a threshold value and at least one order parameter at a processor, the threshold value configured to determine whether to send an order to an electronic exchange depending on comparison of a length of a queue in a market to the threshold value, the threshold value representing a combination of at least a particular quantity value and a particular number of orders value; determining a length of a queue for a given price level in the market using the processor, the length of the queue representing a combination of at least a quantity currently available in the market to buy or sell a tradable object at the given price level and a number of orders currently available in the market to buy or sell the tradable object at the given price level; comparing the length of the queue to the threshold value using the processor; and automatically sending, using the processor, an order to the electronic exchange, the order having a parameter associated with the at least one order parameter based on the step of comparing.