When you place an order, it doesn’t just “instantly” execute.
Behind the scenes, a matching system processes it using clear rules:
Price first → the best available price gets priority
Time second → if prices match, the earlier order gets filled first
So even if two orders look identical, execution depends on timing and positioning in the system.
What feels instant still follows structure behind the scenes.
Ever wondered why your limit order didn’t get filled? 👇
Educational only. DYOR.