Order Processing

Order processing describes the entire journey of a trade request, from the moment a user clicks buy or sell until the transaction is confirmed on the exchange's ledger. This includes the validation of the order, routing to the matching engine, checking of available margin, and final settlement.

For traders, efficient order processing is essential, as any delay can mean missing the desired entry or exit price. Understanding the steps in order processing helps traders recognize why certain trades might be rejected or why latency can impact their results.

It is the operational backend of all market activity.