Patent ID: 8548899

Claim:
A system including: a computing device including a programmed processor, wherein the programmed processor is configured to determine a plurality of global queue holder orders for a tradeable object, wherein each of the plurality of global queue holder orders includes a price and a quantity, wherein the plurality of global queue holder orders are determined based on at least one order placement parameter, wherein the programmed processor is configured to submit the plurality of global queue holder orders to an electronic exchange, wherein the programmed processor is configured to store an owner associated with each of the plurality of global queue holder orders, wherein the owner associated with each of the plurality of global queue holder orders is initially a default trader, wherein the programmed processor is configured to receive an order request from a first trader, wherein the first trader is one of a group of traders, wherein the order request includes a price, wherein the price of the order request corresponds to the price of a first global queue holder order of the plurality of global queue holder orders, wherein the owner associated with the first global queue holder order is the default trader, wherein the programmed processor is configured to transfer the owner associated with the first global queue holder order from the default trader to the first trader, and wherein the programmed processor is configured to drop the order request once ownership has been transferred so that the order request is not forwarded onto the electronic exchange.