Poloniex unveils new trading engine

As a result of the trading-system update, Poloniex‘s order-matching time was reduced by a factor of 30, according to representatives of the exchange.

Platform throughput rose tenfold, and the interval between submission and execution of orders fell fivefold.

The exchange also revamped its API endpoints and expanded capabilities for algorithmic trading.

The new engine uses a microservices architecture: independent modules process information about markets, orders, and user assets. This modular approach ensures that a failure in one component will not affect the operation of the others.

Microservices support clustered deployment and automatic system scaling. Poloniex staff will be able to distribute load across modules during traffic spikes and carry out maintenance without halting trading.

Developers have also added new features to the trading interface:

• market and stop-market orders;
• eight additional timeframes from one minute to one month;
• enhanced search for trading pairs;
• access to ‘favourites’ tokens for unregistered users.

Poloniex is one of the oldest cryptocurrency exchanges in the world. The platform supports spot and futures trading for 400 cryptocurrencies and serves users worldwide.

Earlier, Justin Sun, co-owner of Poloniex and founder of TRON, stated that the platform would continue hiring staff despite the bear market.

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