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If the quoted price is high in the auction market, the deal will be made immediately by the first seller and at the price quoted by the seller.
If your price is higher than the quoted price, your order will get precedence over all the others waiting in queue, and the trade will take place immediately.
The order will be preceding the other orders in queue. The deal will be made once there is a matching price from seller’s queue.
we are aware the execution of the trade will be considered in a row . the execution will be in (PTQ) Price Time Quantity order means that
First the person who quote higher value for buyer and lower value of sellers will be executed
then after if at all two persons are in same price then time will be considered
the person who placed the order first will be in the first in the row if at all the prices are the same and the time is also same then they will consider the quantity
(if we quote high price to buy a stock the trade will be executed in a best selling price and the shares will be credited in your demat after the market got over)
best selling price is the lowest price in the seller row
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