Electronic trade matching

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Electronic trade matching is a process whereby a computer system matches buy and sell orders for a security on a stock market or commodities 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.

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  1. ^ Commodity Exchange Act Cea: Issues Related to the Regulation of Electronic Trading by Thomas J. McCool, Cecile O. Trop 2000 ISBN 0-7567-0329-8 page 18