I apologise for the newb question.. but here goes... im trying to figure out -
How orders get filled , more specifically, when the market is closed and a number of different orders are placed, how are the orders preferenced?
Lets assume the market closed at $1.
The following buy orders are placed against sell orders BUY Sell $1.10 $1.00 $1.05 $0.99 $1.00 $0.98 $0.99
My question is, who buys at what price? Does $1.10 get satisfied at $1.00 and $1:05 get .99c meaning that Buy side $1 and .99 miss out? How does it work?
Or are the orders qued on a first in best dressed type arrangement?
