Precedence is the established system of priorities of trades in an exchange. For example, the highest bid and lowest offer have highest precedence; the first bid or first offer at a price has highest priority, and large orders have priority over smaller orders.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). precedence. Retrieved September 20, 2026, from http://smartdefine.org/precedence/definitions/1160903 |
| Chicago | Barry Goldsmith. 2010. "precedence" http://smartdefine.org/precedence/definitions/1160903 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, precedence, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/precedence/definitions/1160903>. |
| MLA | Barry Goldsmith. "precedence" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/precedence/definitions/1160903> |