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What is Queue position?

Your place in line among resting orders at the same price. Under FIFO, orders ahead of yours fill first.

In context

Without MBO data, nobody knows your exact queue position. Platforms that display "queue ahead" are estimating, using assumptions such as "cancellations happen at the back of the queue" or "cancellations are spread proportionally". These are models, not measurements.

From Chapter 10: Liquidity, the Order Book and the Tape

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Related terms

FIFO (first in, first out)Fill

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Education only. Not financial advice. Trading involves substantial risk of loss.