hello!

theres a buy order and a list of sell order with the currency SEK,

market buy orders are indicated by a limit price of 1000SEK

market sell orders are indicated by a limit price of SEK 0.00

the auction applies price-time execution priority

please answer the following questions:

a) what is the equilibrium price at which the auction will execute?

b) what will the auction trading volume be ?

c) which orders are executed in the auction?

d) why do you think most equity markets nowdays use a call auction to determine the closing price?

please answer a-d so i get the full picture of the question. and explain why.

thanks.

In the secondary market, the trading is often split across varicus marketpluces. What are the key advantages of centralized markets, where all treding is concentrated to one venue? Discuss this in no more than four sentences. 7. Call auctions ( 25 credits) Consider the order book of a closing call auction at the end of the batching period described below. Market buy orders are indicated by a limit price of SEK 1000 , and market sell orders are indicated by a limit price of SEK. 0.00. The auction applies price-time execution priority. a) What is the equilibrium price at which the auction will execute? b) What will the auction trading volume be? c) Which orders are erecuted in the auction? d) Why do you think most equity markets nowadms use a call auction to determine the clasing peice? State your answer using no more than four sentences