A method and computer-usable medium including instructions for performing a method for scheduling executable transactions within a multicore processor comprising a plurality of processor elements. The method includes listing, using at least one distribution queue, a portion of the executable transactions in order of eligibility for execution. A plurality of executable transaction schedulers are provided, wherein each executable transaction scheduler includes a scheduling process for determining a most eligible executable transaction for execution from at least one candidate executable transaction ready for execution. The executable transaction schedulers are linked together to provide a multilevel scheduler. The most eligible executable transaction is output from the multilevel scheduler to the at least one distribution queue.