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Thread: who gets what?

  1. #1
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    Default who gets what?

    In a situation where a seller lists at 150 and overnight a buyer puts in order at 151, what price is the sale price and does the seller get 151 or the buyer get shares for 150?

    Also if I wanted to sell 100000 shares immediately and buyers of 100000 shares total were at 149 148 147 and i put in a sell order at 147 to complete entire sale, would I get 147 for my shares or the portion at each buy order price.

    Hopes this makes sense and someone can advise. Thanks in advance

  2. #2
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    Quote Originally Posted by aquaman View Post
    In a situation where a seller lists at 150 and overnight a buyer puts in order at 151, what price is the sale price and does the seller get 151 or the buyer get shares for 150?

    Also if I wanted to sell 100000 shares immediately and buyers of 100000 shares total were at 149 148 147 and i put in a sell order at 147 to complete entire sale, would I get 147 for my shares or the portion at each buy order price.

    Hopes this makes sense and someone can advise. Thanks in advance
    I'm pretty sure the purchase price will be the 150 in your first example - the offer is 150 so that will be the market price even if a buyer was prepared to pay more.. I think!

    If you want to buy 100k shares at a max price of 147 you'll only purchase shares at that price (so a portion or your 147 bid my go unfurfilled unless more sellers lower their asking price)

  3. #3
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    Default

    Quote Originally Posted by aquaman View Post
    In a situation where a seller lists at 150 and overnight a buyer puts in order at 151, what price is the sale price and does the seller get 151 or the buyer get shares for 150?

    Also if I wanted to sell 100000 shares immediately and buyers of 100000 shares total were at 149 148 147 and i put in a sell order at 147 to complete entire sale, would I get 147 for my shares or the portion at each buy order price.

    Hopes this makes sense and someone can advise. Thanks in advance
    In the first example , basically the price will first trade or "level" or "match " where the most volume can be traded . So if the buy order is for more than is on offer @ 150 the match would be 151, if the buy order is for less than is on offer @ 150 the match would be 150 .
    In the second example , I presume the market is fully open ( If not looking at it you would probably level out @ 147 ) you would hit all three levels until 100,000 shares were sold and get an average price on your contract note basically for one order of 100,000 shares.

  4. #4
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    Auckland
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    Default

    thank you for the answers. much appreciated.

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