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In an opening cross, the system receives the following on - open orders: Trader Order Daniel Buy 2 0 0 shares, limit 3 0 .

In an opening cross, the system receives the following on-open orders:
Trader
Order
Daniel
Buy 200 shares, limit 30.11
Amy
Buy 200 shares, limit 30.00
Cathy
Buy 100 shares, limit 29.94
Brian
Buy 200 shares, limit 29.90
Emma
Sell 100 shares, limit 29.80
Raymond
Sell 200 shares, limit 29.90
Sophie
Sell 300 shares, limit 29.94
Isabella
Sell 100 shares, limit 30.11
At an indicative price of 30.00, what is the matched volume?
A.
300
B.
400
C.
500
D.
600
2)At an indicative price of 30.00, what is the imbalance (direction and size)?
A.
There is a net buy imbalance of 200.
B.
There is a net buy imbalance of 300.
C.
There is a net sell imbalance of 200.
D.
There is a net sell imbalance of 300.
3)The clearing price is set to first maximize the matched volume and then minimize the net imbalance. What is the indicative clearing price?
A.
$29.94
B.
$30.
C.
$29.90
D.
$30.11

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