Limit vs Market

[Not Today]

Hi all,

If one was trading Index futures and wanted to go long, which order would be filled first ? A limit order placed above the market or a at Market order . Which gets preference?


thanks......NT

 

[Don Bright]

Quote from Not Today:

Hi all,

If one was trading Index futures and wanted to go long, which order would be filled first ? A limit order placed above the market or a at Market order . Which gets preference?


thanks......NT

Same time, all electronic.

Don

 

[TSGannGalt]

One line code slower...

if (OrderPrice >= BidPrice)

Limit order is a nano second slower.