Doubt on order matching system of stock exchanges

[RDX711]

I have this doubt about the order matching system of the stock exchanges. Suppose there is a scrip whose Last Traded Price is 1000. And suppose A enters a limit buy order for a scrip for 1100 and B enters a limit sell order for the same scrip for 900 and there are no other buyers or sellers or orders. Then:

• What will happen?
• Will the orders get matched and executed?
• If yes, then at what price?
• Why?

 

[ROCKSTAR55]

Hi RDX711 ,No order will get executed in such a situation. Order will get executed only on matching of bid & ask price.

 

[ROCKSTAR55]

Also there are much more people in the market who places order on market price.