I was reading about it and have some question:
Suppose the equilibrium price is determined as 95 and there is an imbalance.
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If LIMIT BUY 97 has a higher priority or LIMIT BUY 99 will be fulfilled first?
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If the answer to “1” is “closer one to equilibrium price has higher priority”, is it possible to determine equilibrium price before 9:07 AM with some accuracy?
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If there are two orders from different clients at 98, which one has a higher priority? Is it first-come, first-serve basis?
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Does pre-market allow partial fulfillment? Articles on the internet have mixed opinions. Some say it does, some say it’s all or nothing.
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Bonus question: NSE says iceberg orders are not allowed. What will happen if we make them anyway to circumvent “4” restriction?