Patent ID: 8170950

Claim:
A method for managing orders at an exchange from a client device having a processor in communication with an electronic exchange, comprising: determining a length of a queue for a given price level in a 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 tradeable object at the given price level and a number of orders currently available in the market for the tradeable object at the given price level; comparing the length of the queue to a threshold value using the processor to determine whether to transmit an order message to the 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; and automatically transmitting, using the processor, an order message to the electronic exchange based on the step of comparing, the order message affecting the length of the queue.