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Author Topic: Question about Bittrex  (Read 165 times)
bob3772
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September 01, 2017, 06:46:18 PM
 #1

Hello, hopefully a simple question for someone to answer. When trading on bittrex, if you match the price of a current offer will you be entered in to a queue and the orders will fulfill in the order they were placed or is there some other process to decide which order fills first when the offer is met?

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September 01, 2017, 08:30:31 PM
 #2

yes, it is "first come first serve".
But since it is processed within a few miliseconds, you won't notice this, except you want to do high-frequency trading with a bot (if so, the faster the bot/connection the better)

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bob3772
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September 01, 2017, 09:19:28 PM
 #3

Sorry I'm not certain I was understood exactly. So the scenario I mean, say two people have asks for a coin at the same price. If someone then submits a bid at this price, which one of the asks will fill first? The one that was submitted first?

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September 01, 2017, 10:54:58 PM
 #4

Sorry I'm not certain I was understood exactly. So the scenario I mean, say two people have asks for a coin at the same price. If someone then submits a bid at this price, which one of the asks will fill first? The one that was submitted first?

Precisely. Let's say person A sets an ask with a volume of 1.0 BTC. A few seconds later person B sets an ask with a volume of 0.5 BTC at the same price. Along comes person C, making a market order at your ask price with a volume of 1.2 BTC. Person A will have sold the whole lot of 1.0 BTC while person B's order will only be partially fulfilled (ie. 0.2 BTC sold, 0.3 BTC are left in the order book).

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