How Do “Fair Access Protocols” Technically Prevent a Crypto Exchange Employee from Front-Running?

Fair access protocols typically involve strict information barriers, often called "Chinese Walls," which separate trading desks from the team responsible for order execution and technology. Technologically, it includes logging all access to non-public order information, time-stamping all order submissions with high precision, and ensuring all market participants, including the exchange's proprietary trading desk, are treated equally by the matching engine.

Audits and surveillance monitor for any employee trading activity that correlates with large client orders.