basic order book execution doubt

Discussion in 'Order Execution' started by manustone, Jun 15, 2010.

  1. manustone

    manustone

    Hi all
    I am newbie to trading and I have a doubt.

    If I have an order book like this ( fake values just for the example )
    <pre>==================
    BID ASK
    ==================
    10 10.32 10.46 5
    100 10.30 10.47 7
    100 10.28 10.49 12</pre>

    If I send 3 orders
    SELL 5@10.30
    SELL 7@10.45
    SELL 5@10.48

    It is a basic doubt but each time I get lost
    what would be the result? The one below?<pre>==================
    BID ASK
    ==================
    10.45 7
    5 10.32 10.46 5
    100 10.30 10.47 7
    100 10.28 10.48 5
    10.49 12</pre>
     
  2. pr66067

    pr66067

    Yes, your sell 5@10.30 would fill at 10.32, and your last two orders would post leaving the book as you drew it (assuming nobody else cancels or adds new orders)
     
  3. manustone

    manustone

    Hi pr660677
    I thank you very much for your response.
    Kind Regards
    Mnstn