ProcessPro
Last Look
A practice where a liquidity provider retains the right to reject or re-quote an order after receiving it, introducing a brief delay before execution.
Last updated: February 1, 2026
1
A trader sends an order to a liquidity provider at a quoted price.
2
Instead of immediately executing, the LP holds the order for a brief window (typically 2-200ms).
3
During this window, the LP checks if the market has moved against the quoted price.
4
If the market has moved favorably for the LP, it fills the order; if not, it may reject.
5
This asymmetry means the LP captures favorable price movements while rejecting unfavorable ones.