Patent ID: 7882012

Claim:
A method for estimating the priority of an order at an electronic exchange, the method comprising: sending from a computing device an order in a message with a price to an electronic exchange where the order is sorted according to the price into an order queue at the electronic exchange, wherein the order is an order to buy or sell a particular quantity of a tradable object; receiving at the computing device a market update pertaining to an order quantity pending in the order queue at a price for the tradeable object; displaying on a graphical user interface an indicator representing a position of the order at the price in the order queue in relation to other order quantities currently pending in the order queue; receiving at the computing device market updates wherein the market updates provide an updated order quantity at the price for the tradeable object pending in the order queue; analyzing at the computing device the updated order quantity provided in the market updates and estimating a new position of the order in the order queue; and updating at the computing device the indicator to reflect the new position of the order at the price in the order queue.