The primary idea behind the exchange machine engine is a platform for electronic exchange. In this case, the ep3 exchange matching engine provides you with a comprehensive and reliable potential to keep up with the ever-changing market situations. Due to the advanced exchange matching engine technology, businesses and marketplaces can easily handle trading functions from the price order matching formation. The software offers a single solution for trade support in any asset, anytime and anywhere.
Understanding ep3 Matching Engine
A trade matching engine is the fundamental software and hardware aspect of any electronic exchange. The technology is designed to allow bidding and completion of trades. The matching engines use single or multiple algorithms and delegate trades among competing offers and bids at a similar price.
Ep3 matching engine is a well-designed platform used for building exchanges and marketplaces. The platform has a customizable framework that offers efficient and cost-effective solutions, mainly for beginners.
The Working Principle for Exchange Matching Engine
The algorithm used in the ep3 exchange matching engine acquires data on all created orders. Further, when there are two different matches, a deal is made. The trader can use algorithms to limit or even stop-limit orders and create a market. The matching engine utilizes various algorithms, where the FIFO principle is the most common one.
The importance of an order is often established by the time used in the algorithm. If there are two similar algorithms, an ep3 matching engine uses the one created first. The complicated software also acquires and syncs data across different trading pairs.
The Algorithms Used
The most popular algorithm used in the matching engines is the “time-price priority” algorithm. The algorithm refers to the offers and bids that enter into the match engine getting priority over identical orders and bids that enter subsequently into the matching engine. Various order types, such as limit order and market order, are supported by the exchange matching engine.
The Key Features of EP3 Matching Engine
Resilience is one of the things that best define an ep3 matching engine. It can be deployed in a range of disaster recovery configuration. It automatically recovers a failure in one matching engine by restarting a new instance of the engine. EP3 can also scale horizontally by adding new matching engines to accommodate advancements in trading activity. Therefore, you can dynamically add matching engines during the trading day.
When designing EP3, performance is always a priority. The matching engine can sustain thousands of orders per second at a high average speed latency. Also, its unique deployment infrastructure can be installed on any cloud provider and customer on-premise data center. In addition, the matching engine is highly customizable. It can be extended and personalized to suit any exchange or market needs.
EP3 matching exchange is the heart of every electronic exchange, storing orders placed by the users. The engine matches the ask orders and bids, allowing users to buy and sell assets at average market price rates. Orders are assigned to a category through their bids, timing, and price. Due to its feature-rich functionality, EP3 is an excellent solution for startup ventures and well-established businesses. s