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 only place in official Army guidance that specifically addresses the point of delineation precedence by rank is in the mandate for the implementation and use of the Developmental Support Form.
Commenting on the deal, Niaz Hussain, managing director of Precedence Infotech said: C[pounds sterling]Becoming a preferred partner for OKI XF products allows us to complete our range of offered solutions.
After that, we must decide whether precedence relation we put in is correct.
10] Rule and precedence were closely related, and these powers were bound to the landed estate by conventions whose histories, as Camden saw, antedated the Norman Conquest.
The packets are then labelled according to their relative importance to the company, enabling higher precedence traffic to flow through faster than traffic with lower precedence.
When the caloric response implicates the other ear, this finding takes diagnostic precedence over the positional finding.
Mares said simplification of the tax system is important; however, it should not take precedence over revenue objectives or tax policy.
In addition, the authors demonstrate that a discourse of origin may be defined and an order of precedence established according to a variety of criteria, each of which in turn may allow for competitive interpretation and contestation.
17 /PRNewswire/ -- Mentor Graphics Corporation (Nasdaq: MENT) and Precedence Incorporated, Santa Clara, Calif.
Precedence Series Provides Homeowners with the Performance and Longevity of Vinyl with the Classical Styling and Appearance of a Wood Window
T Precedence carrying containers and chemicals were berthed at Qasim International Container Terminal and Engro Vopak Terminal respectively on Sunday, October 31.
Sucking cigarettes and vodka on the sly, using bad language, throwing themselves at boys, and competing strenuously with one another socially seem to take precedence over academics at St.