A Single Ask Appears

Reading time: 0.5-1.0 min

Event: At a seller submits an order to sell 5 apples at $10 each.

The order is recorded in the asks ledger

What happens

Nothing trades.

There is now an open sell order at $10 but there are no buy orders in the bids ledger With no matching buy order, no exchange can occur.

  • The apples stay with the seller.
  • The order stays written in the ask ledger.

Conclusion

The market now contains an order, but nothing executes