New answers tagged price
On exchanges, there is such orderbook with sufficient amount of limitorders, so when you place an order (market or limit), the "best" limitorders for you will be hitted and change the price last traded price. The price you see is actually just the midpoint between the currently best available bid and ask prices in the orderbook. Therefore, this price might ...
Current price is determinated based on limit orders (passive view on market) laying in order book at exchange. http://en.wikipedia.org/wiki/Order_book_%28trading%29 Incoming market orders are matched against limit orders in book using exchange matching engine (regulations) http://en.wikipedia.org/wiki/Matching_engine
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