Precedence


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Related to Precedence: Precedence Effect

Precedence

The established system of priorities of trades in an exchange. For example, the highest bid and lowest offer have highest precedence; the first bid or first offer at a price has highest priority, and large orders have priority over smaller orders.

Precedence

On an exchange, the succession in which floor traders must execute orders. Invariably, the orders with the highest bid or the lowest ask are executed first. If two orders have an identical price, the one entered first has precedence. The specific rules of precedence are set by each exchange individually.

precedence

The sequence in which orders are executed on an exchange floor. For example, the order with the lowest ask or highest bid has precedence over other orders. With orders at an identical price, the one entered earliest has precedence. The precedence of orders is established by the rules of each exchange.
References in periodicals archive ?
The objective of the TSPP-PC is to determine the optimal sequence of the vertices to be visited with the total traveling distance minimized and without violating the given precedence constraints.
The wording of this paragraph places warrant officers in the same category as GS-13s, clearly supporting that warrant officers should not be placed in order of precedence below GS-7s as is done in DA PAM 600-60.
To have an acyclic graph of precedence relations, we must compute the weight of all phases and reciprocally, if there is a phase whose weight can't be computed, the graph is cyclic (Swamidass, 2002).
34] Brooke undeniably, therefore, had a legitimate case against Camden, and he was entirely right to point out that Camden had dishonored the nobility if by this he meant that Camden had misrepresented orders of precedence.
Multiple mating together with conspecific sperm precedence should lead to positive assortment, even between taxa that mate at random.
In the construction domain, the modification implies the addition and deletion of some activities and their associated precedence relationships.
Yengoyan similarly contrasts egalitarian values within a domestic context, with representations of the past as a precedence order among territorial groups, established by the journeys and deeds of heroic ancestors.
30, qualify the Precedence series of windows for Energy Star[TM] certification.
This right must always take precedence over any social event that happens to have been organised in the Milling Area at the same time.
Geoffrey Budden, a lawyer for some of the Mount Cashel victims, has said that he has some sympathy for the parents and children in Vancouver, but that the rights of the victims in Newfoundland--who are claiming more than $60 million damages--take precedence over the claims of the schools.
In such circumstances, housing the convicted and remand occupants in a secure environment has taken precedence over other thinking and experimentation.
That's because same-species sperm take precedence in fertilizing eggs.