What is Trade Execution Coordinator (TEC)?

A Trade Execution Coordinator (TEC) is a process that occurs when an exchange platform – whether centralized or decentralized – unbundles the entity responsible for trade execution from the entity responsible for liquidity aggregation. A strong TEC system is designed to help: • Ensure trades are executed according to price-time priority in the correct order • Serve the needs of various exchange relayers simultaneously • Operate in a more secure and transparent manner • Work in a highly available and censorship-resistant manner, reducing the possibility of griefing.