1. A system for dynamically managing a thread pool associated with a plurality of sub-applications, said system comprising: a memory area for storing configuration information of an application and a plurality of sub-applications associated therewith, said configuration information including a predefined maximum thread threshold associated with one or more of the plurality of sub-applications, said configuration information further including a predefined maximum latency threshold associated with one or more of the plurality of sub-applications, said plurality of sub-applications being associated with one thread pool; and a processor programmed to: receive the configuration information of said application and said plurality of sub-applications; receive a request for at least one of the sub-applications; determine a quantity of threads currently assigned to said at least one of the sub-applications; compare the determined quantity of threads with the predefined maximum thread threshold stored in the memory area to generate a first comparison result; determine a latency of said at least one of the sub-applications; compare the determined latency with said predefined maximum latency threshold stored in said memory area to generate a second comparison result; assign a thread in said one thread pool to handle the received request based on said first comparison result and said second comparison result.