Exchange Matching – Woodstock-Exhibition.com https://woodstock-exhibition.com Tue, 29 Sep 2026 08:41:33 +0000 en-US hourly 1 https://woodstock-exhibition.com/wp-content/uploads/2026/09/Woodstockfav-150x150.webp Exchange Matching – Woodstock-Exhibition.com https://woodstock-exhibition.com 32 32 Comparing Price-Time and Pro-Rata Exchange Matching Models https://woodstock-exhibition.com/price-time-vs-pro-rata-exchange-matching-models/ Mon, 21 Sep 2026 12:30:57 +0000 https://woodstock-exhibition.com/?p=630 Two exchanges can show exactly the same bid and ask, yet traders posting identical limit orders may experience very different fills. The reason is simple:

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