Order Execution
All category buy orders (buy orders of a whole weight range, i.e. 0.50-0.59) are executed using the FIFO (First In First Out) methodology. Specific Buy Orders are executed using FIFO methodology as well although have to be specifically matched. Buying off the Ask allows the participant to choose the exact diamond they wish to purchase and therefore there is no queuing order, although if two or more participants desire the same diamond then the one who confirms and submits first will execute the trade.
When selling diamonds the FIFO methodology is again used unless a Buy off the Ask order is executed.
All orders placed on DODAQ will remain active for a period of 1 month unless they have either been executed or cancelled. Please be aware that logging out of DODAQ will not automatically deactivate or cancel your orders. If you do not wish to leave any active orders on the exchange whilst you are away from your computer use the quick deactivate window displayed on the left hand side of every page before you log out.