Question
A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 10:00am Buy 2, limit 10 10:01am
A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives:
10:00am Buy 2, limit 10
10:01am Buy 3, limit 11
10:20am Sell 1, limit 13
10:21am Buy 2, limit 13
10:23am Sell 2, limit 9
10:32am Sell 2 at the market
10:35am Buy 1, limit 12
What is the last trade price?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
1000am Buy 2 limit 10 This order is placed on the bid side of the order book at a price of 10 1001am ...
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Step: 2
Step: 3
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
