🚀 Deribit’s New Matching Engine: From Milliseconds to Microseconds

Deribit’s new matching engine is built to process high order volumes with faster and more predictable response times.

Measured results following the rollout:
🔹 Median request-response latency fell from 4.7 milliseconds to 76 microseconds, an improvement of roughly 61×.
🔹 P99 latency, covering the slowest 1% of responses, fell from 124 milliseconds to 234 microseconds, an improvement of roughly 531×.

The new matching engine introduces deterministic matching, dedicated order-entry and market-data paths, and a 10-millisecond speed bump for aggressing derivatives orders, where applicable.

Read the full article and peer-reviewed technical paper here.

Deribit. Always Open.