<p>In a financial world, no broker offers his own matching engine to execute the orders of his client with another trader, all trades have to go through echanges (except FOREX market). They typically contract the exchange or another data feed vendor. By doing this they transfer the risk to the data vendor that if anything happens with the data feed, they are not in charge.</p>

CC BY-SA 3.0
2013-09-06T18:16:14.423Z
2013-09-06T18:16:14.423Z
Steef Gregor
<p>Is the location of price matching for a trade can optionally decided ? i.e. Does a brokerage firm have its own price matching engine which gets the Market depth updates and runs price matching algorithms against that data for its customers? or it is only that exchanges can do this all matching stuff?</p>

<p>Which is the generally followed method in practice?</p>

<trading>
Does a brokerage firm have its own price matching engine? or it is only that exchanges can do this all matching stuff?
poddroid
# Does a brokerage firm have its own price matching engine? or it is only that exchanges can do this all matching stuff?

(Asked by: username_0 on 2013-08-19)

Is the location of price matching for a trade can optionally decided ? i.e. Does a brokerage firm have its own price matching engine which gets the Market depth updates and runs price matching algorithms against that data for its customers? or it is only that exchanges can do this all matching stuff?

Which is the generally followed method in practice?

**Tags:** trading


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## 1 answers

### Answer by username_1 on 2013-09-06. Score: 0 | Accepted answer

In a financial world, no broker offers his own matching engine to execute the orders of his client with another trader, all trades have to go through echanges (except FOREX market). They typically contract the exchange or another data feed vendor. By doing this they transfer the risk to the data vendor that if anything happens with the data feed, they are not in charge.


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