High speed networking systems such as PCI-Express and Serial Rapid I/O are based on the exchange of packets across switched networks of high speed serial links. Information in the headers of these packets indicate the kind of transaction they represent. Queuing all received packets in a single queue will cause interactions between transaction types. Indirection can be used create the effect of multiple independent queues from a shared memory. This provides efficient centralized packet storage, while allowing independent processing of different transactions types.