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 newbie here - how does stock bidding match?

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TSericlks91
post 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!
elgan
post Jun 14 2018, 11:57 AM

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Your order will auto match in a first-come-first-served basis.
watabakiu
post 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.
joeallen19
post Jun 16 2018, 08:34 AM

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There will partial match and the remaining will be in que for buy
Showtime747
post 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 ?



ILoveLalat.net
post 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.
Showtime747
post 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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