๐ก 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.
๐ก 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.
๐ก There are different types of algorithms defining how a matching engine prioritizes and executes orders. Common examples include FIFO, Pro-Rata, and TWAP.
