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Author Topic: Question about MtGox orders  (Read 942 times)
Nefario
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February 25, 2011, 02:29:07 PM
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A quick question about mtgox, I placed an order to buy (at 0.91) and don't have enough funds, I also have an order to sell btc I do have. If my btc sell order is fulfilled, and as a result I have enough usd in my account, does the order(without enough funds) now get made into a proper order?

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February 25, 2011, 05:42:41 PM
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A quick question about mtgox, I placed an order to buy (at 0.91) and don't have enough funds, I also have an order to sell btc I do have. If my btc sell order is fulfilled, and as a result I have enough usd in my account, does the order(without enough funds) now get made into a proper order?

Yep, it waits for funds from any source and becomes active automatically. Partial funding results in a partial order.

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April 26, 2011, 02:22:25 PM
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how are sell orders processed when there are numerous offers @ same price

which offer is picked first?

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April 26, 2011, 02:24:52 PM
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how are sell orders processed when there are numerous offers @ same price

which offer is picked first?

I believe it's a first-in-first-out system.  In other words, if multiple offers are present at the same price, it will use the first offer that was placed.  (Or, if that offer would not complete your offer, it will take the first N offers.)

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