EXAMPLE 5.1 ORDER-DRIVEN MARKET LVMH (Mot Hennesy Louis Vuitton) is a French firm listed on the Paris Bourse. You can access the central limit order book directly on the Internet and find the following information (the limit prices for sell orders are ask prices and those for buy orders are bid prices): You wish to buy 1,000 shares and enter a market order to buy those shares. A market order will be executed against the best matching order. At what price will you buy the shares? SOLUTION Unless a new sell order is entered at a price below 51 before your order is executed, you will buy 500 shares at 50 and 500 shares at 51