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Sam Bankman-Fried, CEO of crypto exchange FTX, says it will double order throughput and reduce latency.
The matching engines on FTX have long been complained by users, mainly due to the high latency and low throughput used by the exchange system, the speed with which the matching engine executes to match the buy and sell orders of the exchange. user.
Higher latency means slower trade execution, delayed profitable trading positions, which is detrimental to users. Like most crypto exchanges, FTX uses its own matching engine to operate buy and sell orders.
Until last night (October 10), the CEO of FTX confirmed that the exchange plans to launch various improvements to these matching tools.
“We are launching a brand new order matching engine, lower latency API pipeline, and a host of other features.”
Specifically, the product is “a new order matcher, lower latency API and a host of other features”, which has been researched and developed for nearly a year. The platform is expected to “double order throughput” and “reduce latency by 50%”. Bankman also revealed the upgrade is ready to go live on the platform on November 21.
As the leading cryptocurrency exchange in the market, this move is essential for FTX to further improve the quality of trading products it offers. Especially, regaining user confidence since the “stuck” incident at the time of the US CPI announcement in August.
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