Definition ∞ Order execution transparency refers to the clear and verifiable disclosure of how trading orders are processed and filled within a financial market, including digital asset exchanges. This principle ensures that market participants can confirm their trades were executed fairly and at the best available prices. It helps to prevent manipulative practices and builds trust in the trading venue. This is a critical component of fair markets.
Context ∞ The demand for order execution transparency is a significant topic in discussions surrounding market integrity and fair trading practices, particularly for centralized cryptocurrency exchanges. Regulatory bodies are increasingly pushing for clearer reporting standards to protect investors. Decentralized exchanges inherently offer a higher degree of transparency due to on-chain record keeping, setting a benchmark for the industry.
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