1. People are bidding what they’re willing to pay to buy a SOL stock (they can pay the bid price or less if available)
2. People are asking a certain price to sell their SOL stock. (They will also sell if he got a better price than an ask price)

Question 1

• I will sit on the orderbook at 82.83. (in the green obv)

Question 2

• Bid price is 82.86, same ask is available, so i won’t sit on the book, a swap (transaction) will happen instantly.

Question 3

• Price matched but i am bidding for more quantities, so i will get the quantity available at the bid price, and i will sit on the orderbook for rest of the quantity at 82.85
• BOUNTY QUESTION:

  • The answer is correct but for this specific image, because of something, it is not what will happen? what’s that?

    <aside>

    • The order will fail.
      • Because of IOC (Immediate or Cancen)
      • Means I don’t want to sit on the orderbook with partial order. either pura karo or cancel </aside>

Question 4

• I will be matched with the best ask price, which 82.88 for 2 quantity

Question 5

Question 6