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Order Book Management Meaning

The internal process by which an exchange maintains the integrity and efficiency of the order book. This involves matching engines that constantly sort and rank orders based on price-time priority.

Effective management ensures that the book doesn't contain "Crossed Markets" (where a bid is higher than an ask, which should result in an immediate trade). It also handles the broadcasting of book updates to users via API.

In times of extreme volatility, order book management becomes computationally intensive. If the engine lags, users see "Stale" books, leading to failed trades.

Top-tier exchanges invest heavily in low-latency engines to manage the book in real-time.

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Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

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