Question
The bid sides of the book at three market centers are: price Exchange A Exchange B Exchange C Shares Displayed Shares hidden Shares Displayed Shares
The bid sides of the book at three market centers are:
price | Exchange A | Exchange B | Exchange C | |||
Shares Displayed | Shares hidden | Shares Displayed | Shares hidden | Shares Displayed | Shares hidden | |
10.49 | 100 | 700 | 100 | 2000 | ||
10.48 | 200 | 100 | 200 | 200 | ||
10.47 | 400 | 500 | 200 | 400 | ||
10.46 | 700 | 1000 | ||||
10.45 | 800 | 200 | 2000 |
Question
1.A trader simultaneously sends the following sell orders, all with limit prices of 10.46, all marked ISO: sell 800 to A, sell 2000 to B, sell 500 to C. What executions occur?
2.After the order in part (1) is executed, exchange C receives a sell order for 200 shares stop $10.49, limit 10.47 ( not sweep). What executions occur if any? Specify the exchange, the price and the shares. ?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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