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Explain the difference between the market's bid-ask spread and the bid-ask spread that you are currently quoting into the market. --> How do I answer

Explain the difference between the market's bid-ask spread and the bid-ask spread that you are currently quoting into the market.

--> How do I answer the difference between market bid-ask vs personal bid-ask (profit wise or?)

--> To come up with the bid-asks, do I take the average market bid-ask (e.g. at 17:55:41) of x trades and compare to my best bid-ask?

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