basic order book execution doubt

M

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>
 
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)
 
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