Order Queueing

Mechanism

Order queueing serves as the structural foundation for matching engines within cryptocurrency exchanges and derivative platforms, governing the temporal sequence of participant interest. By applying specific protocols like First-In-First-Out, the system ensures that incoming limit orders are processed according to their exact timestamp of arrival at the matching node. This deterministic approach provides market participants with a transparent expectation regarding the fill priority of their resting liquidity during periods of high volatility.