Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
prof7bit
on 21/11/2013, 19:18:44 UTC

Alice bids 1btc at $10
Bob bids 0.5BTC at $100
Charlie Asks 1btc at $5

In order execution, Alice gets fulfilled, Charlie gets $10 (is that right or does Alice get for $5 or what?)

No.
Alice bids 1btc at $10
Bob bids 0.5BTC at $100

at this moment still nothing happens, $100 is the highest bid.

Charlie Asks 1btc at $5

now the highest bid is filled (charlie sells 0.5 at $100 to bob), then fills the 0.5 at $10

Out-of-order:

Anything can happen: for example charlie fills the 1฿ @ $10 (although the bob 0.5฿ @$100 bid would have been there already because it came in before charlie's ask) and then the $100 bid of bob still remains.