🟡 Have you ever wondered how buy and sell orders magically turn into completed trades on stock or crypto exchanges? Well, the secret sauce behind this is something called a matching engine.
🟡 A matching engine is the unseen force ensuring that the gears of the market turn smoothly, providing traders with the ability to transact with speed, fairness, and efficiency.
🟡 There are different types of algorithms defining how a matching engine prioritizes and executes orders. Common examples include FIFO, Pro-Rata, and TWAP.
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