Month: June 2022

If you are familiar with trading, you might have come across an important term, "matching algorithm," that is often used in trade matching. Matching algorithms are pre-set rules in a computer configured to help traders find the right buyers and sellers for their trades, allowing them to execute their transactions efficiently and accurately. There are many matching trade algorithms. The two commonly used matching algorithms are the standard matching algorithm and the custom matching algorithm. In this article, we will focus on the two commonly used matching algorithms to understand them better. The Two Major Matching Algorithms Standard Matching Algorithm…

How does a payroll system work? Payroll is a complex process that involves collecting and compiling data from each employee and paying them their salary or wages. This data includes hours worked by non-exempt employees, exception time for tax withholding, new hires, and separations. The system calculates each employee's gross pay and withholds taxes as applicable. Employers also accrue their tax liabilities. Accounting for tax withholdings Payroll systems must account for tax withholdings and liabilities. If you don't, you're liable for fines and penalties. For example, federal income taxes must be withheld by employers before they pay their employees. The…