InvestorQ : what is timestamping,and what are the types of timestamping related to stock market?
Vivek Parashar made post

what is timestamping,and what are the types of timestamping related to stock market?

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VIKAS DELIWALA answered.
2 years ago
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A timestamp is a sequence of characters or encoded information identifying when a certain event occurred, usually giving date and time of day, sometimes accurate to a small fraction of a second.

Order Book

Orders are first numbered and time-stamped on receipt and then immediately processed for potential match. Every order has a distinctive order number and a unique time stamp on it. If a match is not found, then the orders are stored in different 'books'. Orders are stored in price-time priority in various books in the following sequence:

  1. Best Price
  2. Within Price, by time priority

Sorce : NSE (Trading system)

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