What is Order Matching Mode?
The Order Matching system is a completely neutral, anonymous and confidential dealing platform for Forex market. The system works on the principle of Order-Driven-Price-Discovery mechanism. The Members of the system place their Bid and Offer orders into the system. These orders are tried for matching with other such opposite orders placed by the Counter parties of the member. If the order matches, then the trade takes place for the quantity which is the least of the bilateral limits set up by members against each other. However, the counter-party’s identity will not be known to either party until the transaction is completed.
