A system and associated methods are provided for intelligent placement and
movement of orders in an electronic trading environment. According to one
example method, in addition to submitting a leg order at a calculated
price level, additional orders, queue holder orders, are submitted for
the leg order at prices either below or above the calculated price level.
Based on this configuration, if the conditions change such that it is
necessary to re-price the leg order, there will be already an order
resting in the exchange order book at the re-calculated price that can be
used in the strategy. Upon re-pricing the leg order, one or more
additional queue holder orders will be placed in the market. Other tools
are provided as well.