Systems, apparatuses, and methods for implementing a distributed global ordering point are disclosed. A system includes at least a communication fabric, sequencing logic, and a plurality of coherence point pipelines. Each coherence point pipeline receives transactions from the communication fabric and then performs coherence operations and a memory cache lookup for the received transactions. The global ordering point of the system is distributed across the outputs of the separate coherence point pipelines. Device-ordered transactions travelling upstream toward memory are assigned sequence numbers by the sequencing logic. The transactions are speculatively issued from the communication fabric to the coherence point pipelines. Speculatively issuing the transactions to the coherence point pipelines may cause the transactions to pass through the distributed global ordering point out of order. Control logic on the downstream path reorders the transactions based on the assigned sequence numbers.