Hi everyone,
My question is if before the ASX market opened (pre 10am) there is a surplus of demand on a stock lets say 20 buyers looking to buy 1 volume each (totalling 20 volume) at x price, relative to 10 supply at x price. How will the ten stock be allocated to the 20 buyers when the market officially opens. In other words is it based on the time the stock was bought or is it randomly sold to the ten buyers.
For example if ten buyers bought the stock between 9:00 am and 9:10am (before the stock market opened). And the other 10 buyers purchased the stock between 9:10 and 9:55am (before the stock market opens). When the stock market officially opens at 10am will the first ten buyers receive the volume or will it be randomly allocated to 10 of the 20 buyers regardless of the time purchased.
