The order matching mode will be a neutral, anonymous and truly order driven dealing platform. It will work on the principle of ‘full price discovery’. In this mode, orders (Bid and Offer) with valid inputs will be accepted for dealing and the system will endeavour to match these with the counter-orders available in the order book, based on price and time priority. The counter-party’s identity will not be disclosed to either party until the matching has resulted in a trade. Initially, CCIL provides this mode for USD-INR currency pair. Subsequently other currency pairs may be made available in this mode.