Ever wonder why your order gets filled before someone else's at the same price? 🤔
Most major exchanges run what's called a CLOB—that's a Central Limit Order Book. The matching engine follows one simple rule: FIFO (First-In-First-Out).
Here's how it plays out: Say you place a buy order at $0.60 at exactly 10:00:01. Another trader drops the same $0.60 bid one second later at 10:00:02.
When a seller finally comes in? Your order executes first. Not because you're special—just because you showed up earlier. Time stamps matter. That's the queue.
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LiquidatedAgain
· 2025-12-12 19:20
Oh, the double was killed again, it turned out to be a matter of queuing order...
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GreenCandleCollector
· 2025-12-12 19:05
Wow, that's why I always get cut in line, turns out it's a matter of milliseconds.
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LeekCutter
· 2025-12-11 10:57
Damn, this is why I'm always a beat late—there can be such a big difference even at millisecond level.
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Ser_Liquidated
· 2025-12-11 10:53
Is that all? If I had known that timestamps were so important, I would have stuck to second-level precision long ago. In the end, I still got caught in a sandwich.
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MEV_Whisperer
· 2025-12-11 10:37
Wow, it turns out that timestamps decide everything. No wonder I always get front-run by later traders.
Ever wonder why your order gets filled before someone else's at the same price? 🤔
Most major exchanges run what's called a CLOB—that's a Central Limit Order Book. The matching engine follows one simple rule: FIFO (First-In-First-Out).
Here's how it plays out:
Say you place a buy order at $0.60 at exactly 10:00:01.
Another trader drops the same $0.60 bid one second later at 10:00:02.
When a seller finally comes in? Your order executes first. Not because you're special—just because you showed up earlier. Time stamps matter. That's the queue.