Private order infrastructure for tokenized stocks
Size sits still until someone can take the other side of it. PARQ holds the order, looks for the counterpart, and moves its status only when the system — never the screen — says it may.
02 PARK
An order enters the deck and takes a bay. It is held — visible, cancellable, and doing nothing until there is something to do. Nothing is committed, nothing moves, and nothing is promised about when it will.
status PARKED · written with its event in one transaction
03 MATCH
Price first, then time. A buy meets a sell when the buy will pay at least what the sell asks, and the order that was parked first goes first. Every decision leaves a record of the rule that made it.
price priority, then time priority · partial fills leave a remainder
04 SETTLE
Settlement is the act that ends the journey. It is also the act PARQ does not yet perform: no token moves, no custody exists, and the status a settled order would carry is deliberately unreachable in the codebase.
SETTLING and SETTLED exist in the type · no code path produces them
05 The floor
The deck you just scrolled through is drawn from the same table the application reads. Park an order and a bay lights for everyone watching — including the one behind this page.
PARQ is not an exchange. No order book, no custody, no settlement — the long version.