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Study the terminal like a matching-engine workstation

Use the terminal for interaction, then come here for the longer-form explanations. Keep Glossary for quick lookup and use Docs and Lessons for deeper study.

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Docs

Reference-style concepts for orderbooks, execution, and market structure.

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LearnLessons
Lessons

Structured study tracks for understanding the engine and the terminal.

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What the learning track will teach
Lesson 01Read the Ladder

Learn how bids, asks, spread, and top of book relate visually inside the terminal.

Lesson 02Resting vs Crossing

Use the order form to see when an order rests on the book versus crossing the spread.

Lesson 03Depth Intuition

Understand how size and total differ and how the depth chart reflects cumulative liquidity.