ACE comes in many flavors!
In 2019, the SEC blocked Cboe’s request to experiment with a 4ms delay on the EDGA Exchange. The experiment was designed to reduce toxic flow and improve liquidity.
Too “discriminatory,” they said.
Traditional finance can’t meaningfully test new market structures.
But on @Solana, we can.
Introducing Asynchronous Market Queues (AMQs).
With Application Controlled Execution (ACE) via Asynchronous Market Queues (AMQs), apps choose their execution order without requiring a protocol change. This yields policy-aware sequencing, tighter spreads, and better fills.
ACE through AMQs offers a powerful primitive for Solana applications. By moving away from pure first-come-first-serve ordering, applications can create more sophisticated mechanisms that benefit specific application goals.
Link to the full article by @cavemanloverboy, @libsvm, @MaxResnick1 below ⤵️
1.57K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.