1. Which of the following statements is wrong?
   1. The complete precedence hierarchy is given by price priority, display precedence at a given price, and finally time precedence among all orders with the same display status at a given price
   2. In order-driven markets, an order matching system run by an exchange, a broker, or an alternative trading system uses rules to arrange trades based on the orders that traders submit.
   3. The most aggressively priced orders are the highest priced buy orders and the lowest priced sell orders.
   4. Pursuant to secondary precedence rules the highest priced buy orders and the lowest priced sell orders go first.