Question
The Frankfurt Stock Exchange has accumulated the following overnight orders: Trader Order Quantity Price Bob Buy 150 30 James Buy 200 27 Amy Buy 250
- The Frankfurt Stock Exchange has accumulated the following overnight orders:
| Trader | Order | Quantity | Price |
| Bob | Buy | 150 | 30 |
| James | Buy | 200 | 27 |
| Amy | Buy | 250 | 25 |
| Julia | Buy | 180 | 22 |
| Sam | Buy | 150 | 18 |
| Sandy | Sell | 190 | 17 |
| Katrina | Sell | 200 | 21 |
| Jerry | Sell | 220 | 25 |
| Jack | Sell | 150 | 27 |
The clearing price is set to maximize matched volume. The secondary criterion is to minimize net imbalance. What is the clearing price? What is the matched volume and net imbalance at that price?
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Multinational Finance
Authors: Kirt C. Butler
3rd Edition
0324177453, 978-0324177459
