easy · Market Microstructure lob
In an order-driven market, what rule typically determines which order executes first among two buy limit orders at the same price?
- Size precedence
- Random allocation
- Time precedence (FIFO)
- Broker ID priority
Sign up free to see the explanation and track your rank →
More Market Microstructure lob practice
- A stock is quoted at $50.00 bid x $50.10 ask. A buyer submit… — How does this action affec
- If the stock price drops instantly from $50.05 to $49.00 in a 'flash crash,' what happens
- Under the National Market System (Reg NMS), if Exchange A is quoting a stock at $10.00 x
- If a market sell order for 200 shares arrives at 10:00:05 AM, who receives the fill?
- A stock is trading with an NBBO of $40.00 × $40.10. A trade… — According to the Lee–Ready
- A stock is priced at $1.05. A market participant submits a q… — Why is this quote rejected
- What is the status of our limit order after the match, and what microstructure risk is the
- If a market buy for 400 shares arrives and the exchange uses 'pro-rata' matching, how many