Order of execution in e-minis

TexTrader · Jan 28, 2004

I wanted to know how are the orders queued at a given price on globex.
Is it by time stamp or size. Is it first in first out.

EMini-Player · Jan 28, 2004

I believe it's first in first out, so by time.

-Fast

Sashe · Jan 28, 2004

I wish it was by size

ggg · Jan 28, 2004

Quote from Sashe:
I wish it was by size

Why is that? You know there's guys out there slinging 100+ lots, right? Seems like that'd be less fair to the little guys.

S. R. Hadden · Jan 28, 2004

Quote from Fast_Trader:

I believe it's first in first out, so by time.

-Fast

the way it should be.

EMini-Player · Jan 28, 2004

Quote from Sashe:

I wish it was by size

And small lots took preference

-Fast

Ebo · Jan 28, 2004

GLOBEX merely matches buyers and sellers by price first then by time.