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SGX Queue
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Nostradamus
Supreme |
25-Jul-2006 23:22
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There are queues for buyers and sellers. Among the buyers, there are also separate queues for difference prices. So goes for sellers. SGX will try to match the buyers and sellers with the same price and quantity. Let's say the market opens with a buying and selling price. After some time (not sure how long) if there's no match, the buying price will move higher and the selling price lower. This goes on until there's a match and the trade is executed. If you were to sell at buying price (sell down), you jump queue and the order is executed immediately. Same goes for buying at selling price (buy up). |
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solomonster
Senior |
25-Jul-2006 22:17
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I would like to understand how sgx system accept our order on opening market. I don't think it's based on FIFO. Is it based on highest/lowest offering price during opening? Any ideas? |
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