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 |
|
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. (
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