Is the CSE trading system an "order driven system" or a "quote driven system" ?
I suspect it is order driven but it sometimes displays charateristics of a quote driven system...... Does it try to fill out large orders first before moving onto the next price?
What is the order allocation (oldest to newest)?
Is the t-bill auction a strike price auction (everyone pays the same price) or a bid price (different parties pay different prices) auction?
I think it is bid price auction because they always mention the weighted yield in any given term.... but there is no explanation on allotment