# Precedence

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Related to arithmetic operator: logical operator, Relational operator, Comparison operator

## 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 ?
Coverage includes processing of missing values, importing and changing data, enhancing and joining data sets, working with formats and informats, using the output delivery system, programming with arithmetic operators and logical statements as well as functions and constants, and refining output and program operation.
Accurate SPICE simulation requires the evaluation of millions of complex arithmetic operators.
Hammer 100's built-in arithmetic operators further speed commonly used computational functions in computing, graphics and DSP applications.

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