For Customers Log in
Contact Us

Matching Engine Meaning

The high-speed brain of a financial exchange. Its sole purpose is to pair buy orders with sell orders based on a specific set of rules, the most common being Price-Time Priority.

When a trader hits the buy button, the matching engine instantly scans the order book to find the best available price from a seller. A matching engine must be incredibly efficient to handle flash periods of high volatility.

If the engine is slow, it creates latency, which leads to slippage-where the price you see on the screen is not the price you actually get.

Professional traders often choose exchanges based primarily on the speed and reliability of their matching engine.

← Back to Glossary

Explore our services
Providing liquidity in the cryptocurrency market?
Authorize on our platform and do it smarter with FM Pulse.
pic

FM Marketplace

A reliable and high-performance crypto liquidity marketplace for institutions and businesses.

Learn more
pic

FM White Label

Launch your fully branded B2B crypto trading platform in under one week.

Learn more
pic

FM Liquidity Match

Crypto OTC-as-a-Service infrastructure for enhanced monetization and trade control.

Learn more

Scale your business, leave the hard work of your trading needs to us

Reduce your integration costs and operational risk across multiple access points with our platform

Get started