During continuous trading, where is a quote matched when it meets another quote?

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Multiple Choice

During continuous trading, where is a quote matched when it meets another quote?

Explanation:
In continuous trading, incoming orders are matched against quotes that are already resting in the order book. When a new quote crosses the opposite side, the trade happens at the price of the resting quote that’s already in the order book. This preserves price-time priority and ensures you take liquidity at the best available opposing price. So you’ll execute at the price of the existing quote rather than at your own limit price or a reference price.

In continuous trading, incoming orders are matched against quotes that are already resting in the order book. When a new quote crosses the opposite side, the trade happens at the price of the resting quote that’s already in the order book. This preserves price-time priority and ensures you take liquidity at the best available opposing price. So you’ll execute at the price of the existing quote rather than at your own limit price or a reference price.

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