Hi Smart people,
I trade via Comsec and just wondering something. Will try and explain.
if I place an order for (example) ASX: XYZ for $0.15 and 4 other people have put bid orders in for the same company at $0.20, $0.18 and $0.15. Total shares wanting to be brought is 400,000 shares.
There are 2 sellers, with offers of 100,000 at $0.15 and 100,000 at $0.14.
how are the bid orders fulfilled first, is it based on the highest bid gets allocated their total order first, then downwards in price scale (e.g 0.20 first, 0.18 then split between the 2 0.15s if any shares are left, or are they evenly split across all bidders?
any help and explanation would be appreciated, Please and Thank you
I trade via Comsec and just wondering something. Will try and explain.
if I place an order for (example) ASX: XYZ for $0.15 and 4 other people have put bid orders in for the same company at $0.20, $0.18 and $0.15. Total shares wanting to be brought is 400,000 shares.
There are 2 sellers, with offers of 100,000 at $0.15 and 100,000 at $0.14.
how are the bid orders fulfilled first, is it based on the highest bid gets allocated their total order first, then downwards in price scale (e.g 0.20 first, 0.18 then split between the 2 0.15s if any shares are left, or are they evenly split across all bidders?
any help and explanation would be appreciated, Please and Thank you
Be the first to comment