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newbie here - how does stock bidding match?
TSericlks91
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Jun 13 2018, 05:35 PM, updated 6y ago
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hi all, i just recently got into stock. I have a question, lets say i want to buy 5000 units of ABC stock at RM1. currently in the queue there are 5 people selling stock at RM1 but they hold 1000 units each. Lets say i key in my order at 5000 units, will the system auto match my order to all 5 of the seller to sum up to my 5k units. or do i need to key in order 5 times (each order 1000 units) in order to match them one-by-one? thanks!
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elgan
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Jun 14 2018, 11:57 AM
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Getting Started
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Your order will auto match in a first-come-first-served basis.
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watabakiu
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Jun 15 2018, 07:27 PM
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There'd be no need to 'split' your buy orders. The system will do it for you.
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joeallen19
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Jun 16 2018, 08:34 AM
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Getting Started
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There will partial match and the remaining will be in que for buy
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Showtime747
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Jun 16 2018, 09:10 AM
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I always have this question :
1. If sell Q has 5000 at RM1.00, 5000 at RM1.01 2. I accidentally key in buy 5000 at RM1.01
A. Will I buy 5000 at RM1.00, or RM1.01 ?
B. If I key in buy 10000 at RM1.01, will I buy at 5000 at RM1.00 + 5000 at RM1.01 ?
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ILoveLalat.net
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Jun 16 2018, 03:39 PM
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Won't that mean that your order will be matched at RM1.00 with 5000 shares exchanged hands? Unless you are a second late, then unfortunately, RM1.01 is all yours.
As for B, yes, 5,000 at 1.00 and 5,000 at 1.01 will be matched. Should someone place 2,500 extra shares at 1.00 a second before your order matched, it will be 7,500 at 1.00 and 2,500 matched at 1.01.
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Showtime747
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Jun 19 2018, 11:05 AM
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QUOTE(ILoveLalat.net @ Jun 16 2018, 03:39 PM) Won't that mean that your order will be matched at RM1.00 with 5000 shares exchanged hands? Unless you are a second late, then unfortunately, RM1.01 is all yours. As for B, yes, 5,000 at 1.00 and 5,000 at 1.01 will be matched. Should someone place 2,500 extra shares at 1.00 a second before your order matched, it will be 7,500 at 1.00 and 2,500 matched at 1.01.
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