Electronic trade matching

Electronic trade matching is a process whereby a computer system matches buy and sell orders for a security on a stock market or commodity market. Electronic trade matching was introduced in the early 1990s in the United States to supplement open outcry trading.^[1] In modern trading, the trade matching system is part of a larger electronic trading system which also allows order entry at the user level and order execution at the exchange level.

See also

• Open outcry
• Electronic communication network
• Alternative trading system
• Multilateral trading facility

References