Order matching

[scarletyoke]

Hi all;

I have been trying to trawl the web to find an answer to this question, yet there doesn't seem to be a clear answer:

How is order matching done in the markets: do they use a price-time FIFO method or some pro-rata method.

Can someone shed more light on where to look.

Regards
Jubin

 

[BSD]

http://www.trade2win.com/boards/equities/11663-ecn-ecn-s.html

and

Electronic communication network - Wikipedia, the free encyclopedia