Research preview

South Africa’s 2‑1 win over Guinea in the 2027 AFCON qualifiers shifted the team to the top of Group D, while Kenya, already qualified as a co‑host, used its 1‑1 draw with Eritrea as a rehearsal. The same competitive dynamics apply in financial markets: participants vie for limited liquidity, and the order‑book mechanics that determine who gets filled can be as decisive as a goal in the final minutes. This article explains the fundamentals of limit‑order queues, illustrates partial fills with a verified example, and shows how quantitative traders can model execution risk in volatile emerging‑market assets....