Market

A market order executes immediately using the best available liquidity at the time of submission. Terrace’s routing engine aggregates the top-of-book prices from every connected venue, compares depth, and fragments the parent order into smaller child orders to minimize execution variance. Every leg is monitored. If a venue fails to confirm within its latency window, that fragment is cancelled and reallocated elsewhere. The end result is blended execution across multiple liquidity sources that finishes in one transaction on the user’s side.