Orders on the BGD Exchange are matched according to price‑time priority. This means trades are executed based on both the price offered and the time the order was submitted:

Buy Orders:

• The earliest open buy order at the highest price takes priority.
• Subsequent orders at the same price follow in order of submission time.
• Buy orders at lower prices are matched only after higher‑priced orders are filled.

Sell Orders:

• The earliest open sell order at the lowest price takes priority.
• Subsequent orders at the same price follow in order of submission time.
• Sell orders at higher prices are matched only after lower‑priced orders are filled.

This ensures fairness and transparency, giving priority to the most competitive prices and the earliest submissions.