Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

e 2: e 3: e 4: Column 1 Q2_b (20 Marks) As a Market Maker, overnight you received the orders below for xyz stock. 1.

image text in transcribed

e 2: e 3: e 4: Column 1 Q2_b (20 Marks) As a Market Maker, overnight you received the orders below for xyz stock. 1. Joe wants to buy 5500 xyz at $12.80, 2. Sally wants to sell 10,000 xyz at $13.40, 3. Peter wants to sell 4.000 xyz at $13.25, 4. Mary wants to buy 2000 xyz at $12.90, S. Hamza wants to sell 3000 xyz at $13.00, 6. Pavan wants to buy 2.500 at $12.95, 7. Lee wants to sell 2000 xyz at $13.10 8. and Megan wants to buy 3000 xyz at $13.00 You need to organize the bids and offers/Asks in the Order Book below before the market opens How would organize these orders in the Table below? Is there a trade at the open? Can you identify whose order was filled? If any? Can you identify Level 1, Level 2 and Level 3 information? Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 1 Buyer Name Bid Size Bid Ask Ask Size Last Seller Name 2 3 3 4 5 How would organize these orders in the Table above? 1. Fill in the information in Row 2, for column 1 - 7, separate your answers with a comma. Answer in Blank 1 2. Fill in the information in Row 3, for column 1 - 5 and 7, separate your answers with a comma. Answer in Blank 2 3. Fill in the information in Row 4, for column 1 - 5 and 7, separate your answers with a comma Answer in Blank 3 4. Is there a trade at the open? If so how many shares traded? Answer in Blank 4 5. Can you identify whose order was filled? If any? Answer in Blank 5 6. Can you identify Level 1 information? Answer in Blank 6 7. Can you identify Level 2 information? Answer in Blank 7 8. Can you identify Level 3 information? Answer in Blank 8 8 Blank # 1 A/ Blank #2 Blank #3 AJ Blank #4 Blank # 5 Blank # 6 A/ Blank #7 A/ Blank #8 A Previous Page Next Page Page 4 of 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fiduciary Finance Investment Funds And The Crisis In Financial Markets

Authors: Martin Gold

1st Edition

1848448953, 9781848448957

More Books

Students also viewed these Finance questions

Question

Was ignoring the problem an option? Why?

Answered: 1 week ago