As per above Bid/Ask, I want to buy 300 Hundred quantities then I have to go with price 12.00 because my 300 quantities not filled by the top 3 Offers. SO, how my order will be filled:
A) 50(10.50) + 50(11.00) + 100(11.50) + 100(12.00) = 300(3425) Average price(3425/300) is 11.42
Or
B ) 250(12) and 50 Quantity will be pending?
How my order gets filled? as per A) with average Price 11.42 or as per B ) with Price 12 and 50 Orders get Pending? Its in both term when I want to either buy or sell.
But in Real time that may not happen like that. & Chance are that you may get better Avg price than 11.42 in A. Bcoz, the Order Book doesn't include any undisclosed qty. Say for Example, if there is undisclosed qty of 200 @ 11.00 then your Avg Price would be 50*10.5 + 250*11.00 = 10.92.
Kindly reply
Your Qty filled as A.
But in Real time that may not happen like that. & Chance are that you may get better Avg price than 11.42 in A. Bcoz, the Order Book doesn't include any undisclosed qty.
Say for Example, if there is undisclosed qty of 200 @ 11.00 then your Avg Price would be 50*10.5 + 250*11.00 = 10.92.
If you place limit order at 12 then your order will be filled as follows ,
First 10.5, 11, 11.5 and then 12.
Thanks a Ton.