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Consider an ECN's limit order book for Oracle (ORCL), as shown in the figure below. Assume that incoming orders for this stock trade on this

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Consider an ECN's limit order book for Oracle (ORCL), as shown in the figure below. Assume that incoming orders for this stock trade on this limit order book. For each of the transactions in the table below, A. Tell whether the order will be executed or placed in the limit order book. B. Identify, how many shares are transacted, if any, and at what price. C. Illustrate what the limit order book looks like after each transaction. Shares Price 300 54.45 300 54.44 400 54.43 400 54.42 54,41 400 500 54.39 54.37 100 54.35 100 54.33 100 53.70 300 Transaction 1: Market order to buy 200 shrs Transaction 2: Limit order to sell 600 shrs at 54.37 Transaction 3: Limit order to buy 400 shrs at 54.41 BIDS ASKS

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