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Order Lifecycle

When a user places an order, it flows through Orderly’s layered architecture:
  1. The Broker Front-end Layer forwards the request with the user’s Trading Key
  2. The Messaging Layer verifies the Trading Key
  3. The Engine Layer matches the order against the order book
  4. On execution, trade data is uploaded to the Settlement Layer
  5. The user receives order and execution updates

API Reference

Orders are managed through the following APIs: For algo orders (STOP, TP/SL, BRACKET), see Algo Order Samples.