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 dynamic programming for TSPP-PC is provided in Section 4, and the dynamic programming can be proved to be the first polynomial-time exact algorithm for TSPP-PC with number of precedence constraints being a constant.
In this section, we start by defining the language used to specify knowledge bases in our dialogue system; then, we present the principles of defeasible reasoning with inconsistent knowledge; and, finally, we discuss how to synthesize three different kinds of precedence relations from the information declared in a knowledge base.
While some have said this is a success story and the beginnings of a formal delineation of precedence for warrant officer ranks, a closer look indicates several inadequacies (similar to the inadequacies of Army Regulation (AR) 420-1).
C[pounds sterling]Working with a dedicated expert channel partner such as Precedence gives us the ability to deliver high quality professional graphic solutions into a demanding end user base that understands colour and print.C[yen] said John Ross, general manager, Middle East, India and North East Africa, OKI Printing Solutions.
The proposed FAR rule provides that there is generally no order of precedence when a contracting office determines whether to make an award to a HUBZone, SDVOSB, 8(a), or a small business.
Acyclicity test of the graph of precedence relations
Allie isn't convinced she'll be any happier with a different nose--she's already happy--and has priorities other than beauty that take precedence. Cameron, on the other hand, is fixated on getting a breast augmentation, convinced that this is the next step to making her feel better about herself.
I refuse to believe that there exists a genuine need for 50 new homes in Chwilog and even if that was proven to be the case, there is no assurance that local people would take precedence when these homes came on the market.
After the introduction and some preliminary matters, they present chapters describing properties of precedence and related test procedures; alternatives to precedence test such as maximal precedence, weighted forms of precedence and maximal precedence, and Wilcoxon-type rank-sum precedence tests and the properties; the extension of precedence, maximal precedence, and Wilcoxon-type rank-sum precedence tests to the situation when the sample arising from the life-testing experiment is progressively Type-II censored; and precedence-type tests in multisample situations and selection problems.
Yet in scholarly circles, adult-centered analysis of religious practice takes precedence over children's experience.
I HAVE THE HOLIDAY ISSUE (December 2005) with General Patton on the front cover, and the first thing I noticed was that the ribbons on his Ike jacket were way off base as far as being in the order of precedence. The order should be as follows: top row--Distinguished Service Cross; second row--Army Distinguished Service Medal, Silver Star, Legion of Merit; bottom row--Bronze Star, Purple Heart.