Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On a particular day, there were 22,490 trades in a particular futures contract. This means that there were 22,490 buyers and 22,490 sellers. Of the
On a particular day, there were 22,490 trades in a particular futures contract. This means that there were 22,490 buyers and 22,490 sellers. Of the 22,490 sellers, 11,789 were closing out positions and 10,701 were entering into new positions. Of the 22,490 buyers, 12,970 were closing out positions and 9,520 were entering into new positions. What is the impact of the day's trading on open interest?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started