We have recently released feature called PLP.

PLP is a mechanism that stabilizes market liquidity in favor of market makers by queuing aggressive orders and, hence, aiding market makers with extra time to adopt trading strategy.

It allows market makers to adjust liquidity to the current state of the order book before it is distorted by highly competitive participants.

Each order, that is about to be executed, is processed as follows:

  • System determines whether the order placer is a taker or a maker.
  • If they are a taker, an order is put into a special queue for a relatively short period of time (typically 1 millisecond).
  • After this period expires, the order is executed prior to ones that came later.

Sometimes due to that feature there might be a slight delays in order execution.

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