Matching models
Three matching models. One engine.
Every matching engine can do a central limit order book. MatchCore is the only one that also runs binary complementary matching and pari-mutuel pooling natively — on the same core, the same API, the same operational model.
| Model | Priority rule | Settlement | Typical use | Counterparty risk |
|---|---|---|---|---|
| Binary matching | Price-time priority, YES-denominated (NO orders auto-converted) | Instant resolution to the winning side | Prediction markets, binary options | None — fully collateralised |
| Pari-mutuel | Pool accumulation, no order matching | Proportional dividend at pool close | Racing, lottery-style, novelty betting | None — pool-funded |
| CLOB | Price-time (FIFO), strict priority | Trade-by-trade, matched on the book | Equities-style, decimal-priced instruments | Bilateral / CCP-dependent |
Not sure which model fits your product?
Tell us what you're building and we'll map it to a matching model and reference architecture.
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