Precedence

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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 purpose of this assessment was to establish the components of a comprehensive program to prevent school violence using the PRECEDE planning model, which assesses factors that contribute to and occur as a result of school violence, as a theoretical framework.
Thurber of the University of Wisconsin-Madison wondered whether these small movements along the central region of the fault tended to precede earthquakes measuring magnitude 3.
In what is believed to be an industry first, these editions of KNOCKDOWN, the story of the 1998 Sydney-to-Hobart yachting race disaster that claimed six lives and attracted worldwide media attention, will precede the August 30 hardcover sale date by six weeks.
Because it was a group member for at least half the number of days that precede Dec.
He has since set up five of these instruments at key sites along the San Andreas fault, waiting to see whether similar magnetic signals precede another quake.
The same question applies to true foreshocks, which precede a larger quake by minutes, hours, or days.
But other types of magnetic activity, which take place at higher latitudes - closer to the poles - precede sunspot formation, Altrock asserts.
If they can establish that certain noticeable patterns of magnetic signals precede quakes, then magnetometers might prove to be useful tools for predicting an earthquake months to days ahead of time.
Perception of a light can precede conscious awareness of the light's presence, responds Libet.
Jews turn their attention to mending relationships and spiritual self- examination during the month that precedes the High Holy Days.