How trades are executed in exchange?

How trades are executed in exchange? Suppose 2 orders with the same value but placed at different times, does the order which is placed first is given more priority in exchange?

That’s right. Price-time priority. If there are two orders placed for the same price, the exchange will prioritize the order based on time. Like first come first serve basis.

You can check out this NSE link to know more.

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Thank you that was helpful.

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