If I place a sell limit order shouldn't it be executed at the ask price when a market order is placed while the ask price is the same level as my sell limit order?
I have been searching around trying to figure out why limit orders are executed at the bid price and haven't been able to find an answer. According to my understanding of how an order driven market works sell limit orders are executed by buy market orders at the ask.
I have been searching around trying to figure out why limit orders are executed at the bid price and haven't been able to find an answer. According to my understanding of how an order driven market works sell limit orders are executed by buy market orders at the ask.