Dear Traderji Experts,
Need your assistance in understanding the following.
my query is on "Disclosed quantity" and whether it has an impact on the priority queue of trade in the event of a partial execution.
For eg. I have placed an order for buying 1500 quantity of a share and disclosed the quantity as 150 (as per Min requirement 10%) at a price of Rs.12:55.
I could get 150 quantity executed and the rest 1350 was Pending as the share price went up to 12:60. After a while the share price returned to 12:55 but no execution took place even though I could observe multiple trades happening at Rs.12:55. http://www.traderji.com/images/smilies/annoyed.gif
As per my understanding partially executed lot stands the first priority over others orders by "time priority". Please share your thoughts on whether one has a disadvantage on order execution priority by disclosing partial quantity.
Need your assistance in understanding the following.
my query is on "Disclosed quantity" and whether it has an impact on the priority queue of trade in the event of a partial execution.
For eg. I have placed an order for buying 1500 quantity of a share and disclosed the quantity as 150 (as per Min requirement 10%) at a price of Rs.12:55.
I could get 150 quantity executed and the rest 1350 was Pending as the share price went up to 12:60. After a while the share price returned to 12:55 but no execution took place even though I could observe multiple trades happening at Rs.12:55. http://www.traderji.com/images/smilies/annoyed.gif
As per my understanding partially executed lot stands the first priority over others orders by "time priority". Please share your thoughts on whether one has a disadvantage on order execution priority by disclosing partial quantity.