There are already 3 buyers for this with respective bids for XYZ;
Buyer 1 - 1000 @ 15.00 LKR
Buyer 2 - 500 @ 14.80 LKR
Buyer 3 - 1000 @ 14.50 LKR
Assume a 4th Buyer places his bid after above 3 bids, so he is the last one to bid and his bid is as follows:
Buyer 4 - 700 @ 14.00
1) Lets assume for some reason (may be due to cross selling) the market gets an offer from a panic seller for 500 of XYZ @ 14.00 LKR
In this case which Buyer will receive that 500 XYZ @ 14.00
2) Lets assume for some reason (may be due to cross selling) the market gets an offer from a panic seller for 500 of XYZ @ 13.00 LKR
In this case which Buyer will receive that 500 XYZ @ 13.00
Simply I just need to know how the priority is given for the buyers in above situations.