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Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by amluto on Sunday July 01, 2018 @02:26PM (#17436815)
If I place an order to buy 1 share for $1 and another share for $1.01 because the market data shows that there is only one share available for $1, then the exchange needs to process my $1 order before my $1.01 order. More complicated scenarios exist, too, especially once you take into account resting orders and modifications to existing resting orders.
Re:Google and Nasdaq Pursuing Nano-Second Precision in Netwo... by keymone on Sunday July 01, 2018 @05:13PM (#17437637)
Right, unless exchange explicitly documents the fact that order of fulfillment is not guaranteed if you place them within the same time interval.