The%20established%20system%20of%20priorities%20of%20trades%20in%20an%20exchange.%20For%20example,%20the%20highest%20bid%20and%20lowest%20offer%20have%20highest%20precedence,%20the%20first%20bid%20or%20first%20offer%20at%20a%20price%20has%20highest%20priority,%20and%20large%20orders%20have%20priority%20over%20smaller%20orders | EUdict

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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.

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