Abstract: A system and method for tracking data using a sharing memory is disclosed. In one embodiment the system comprises a plurality of queues, each configured to track the order of receipt of data items. The plurality of queues utilize a shared memory instead of associating memory with each queue. Memory addresses are dynamically allocated and de-allocated based on the needs of each queue. As a queue utilizes all its originally assigned addresses, additional memory addresses may be allocated to the queue. Likewise, as a queue outputs its contents, unused memory addresses are de-allocated so the addresses may be used by other queues. In one embodiment, the addresses are allocated in blocks by a block identifier comprising a single memory address. One or more counters in each queue increments and decrements the block identifier to access different memory locations.