Glossary

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Price/Time priority

Orders are automatically sorted according to price and time-of-entry criteria.

In the case of a purchase order, this means: unlimited buy orders (market orders) are executed first, followed by limit orders (starting with the highest limit).

In the case of a sell order, this means: unlimited sell orders (market orders) are executed first, followed by limit orders (starting with the lowest limit).

Finally, orders placed at the same price are executed according to the time of entry (time priority).
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