How long does it take for my order to process once order is placed?

When a strategy places an order to buy/sell a particular asset, the order gets placed as a market order on the selected exchange.

Because we always place a market order, ideally, the order should get matched instantaneously. There are only 2 specific scenarios in which the order will not get placed which are

- The order book was so illiquid that we could not find any seller

- The order book had orders, but placing the market order would move the average market price by more than 2%

In case a users order got canceled, the strategy will still keep looking out for future events to buy/sell.