MOD-MTE · Matching engine

An order book that keeps up with your busiest minute.

Price-time priority matching for spot markets, with limit, market and stop orders, live market data out and market makers in. Quieter markets can be backed by liquidity from external venues.

  • 8connectors
  • 2platforms run it
  • +1your own, too
  1. 01 · The job

    Fair matching, every time.

    Orders match by price, then time, and every fill is booked to the ledger as it happens. Trading pairs, tick sizes, fees and limits are set per market, and circuit breakers pause trading when prices move too fast.

    • Limit, market, stop and post-only orders
    • Price-time priority matching
    • Maker and taker fees per tier
    • WebSocket and FIX APIs for traders
    • Circuit breakers and trading halts
    • A full audit trail of orders and fills
  2. 02 · The connectors

    Liquidity in, surveillance on.

    Market makers connect through the FIX and WebSocket APIs, and quieter pairs can mirror liquidity from large venues, so customers always see a price they can trade. Surveillance tools read every order for market abuse.

    External liquidity

    • Binance
    • Kraken
    • OKX
    • Coinbase Prime
    • B2C2
    • Wintermute

    Market surveillance

    • Solidus Labs
    • Eventus

    Trading APIs

    • FIX 4.4
    • WebSocket
    • REST
  3. 03 · Your own

    Your market makers.

    Your own market makers or trading desk connect like any other client, with their own fee tiers and rate limits.

    In-house, or a provider you already use
    • Your market-making partners
    • Your fee schedule
    • Your listing policy

In production

Running in these platforms.

Questions

Asked about this module.

How do you avoid empty order books at launch?

Pairs can be backed by liquidity from large venues, so customers trade at real prices from the first day while your own market makers build depth.

Is there an API for professional traders?

Yes: REST for accounts and orders, WebSocket for market data and order updates, and FIX for institutions.

Same family

The whole library

Start your project

Tell us the idea. We'll show you the platform.

One call is enough to map your product to the modules that already exist.

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