National stock Exchange was the first stock exchange which introduced Screen Based Trading System. Like many online traders Mr. Amit is also a master trader in the stock market and frequently place orders on real time basis. He is very familiar with NEAT Screen and its features. He knows how to place order limit as on Regular lot basis as it could be DAY/IOC orders. During the trade he sees his passive orders, security descriptor and small case basket trading, he knows how to set up and customized market watch window. He knows the trade occurs on price/time priority basis but not quantity appraisal. There are not any geographical preferences. Anonymity of each trades follow in SBTS. He takes the glimpse of preopen market order to make his strategy in the open phase of the market. Recently he went in one school where the students were studying Financial Market Management as core subject, they were learning the techniques of NEAT terminal .During the session he asked various questions to students regarding trading technicalities.Mr. A put buy order from New Delhi office and in same security Mr. B put same type of order from Mumbai near to NSE office. Whose order will execute First? a. Mr. A b. Mr. B c. It’s on Price /Time Priority basis no geographical location preference d. Preference will be given on quantity basis only