Order of execution

[Horsefish]

When using an online account and you enter a limit sell order, does the time and date the order was entered determine the position it has in the queue? Assuming the ask price has been reached. In other words, if there are 3000 orders in the queue and my order is the earliest one entered at that ask price, will my order execute first? Or do the market maker orders take precedence?

[gent_boy]

This might help : http://www.investopedia.com/articles/01/022801.asp

[Horsefish]

This might help : http://www.investopedia.com/articles/01/022801.asp

Good article, thanks.