Question
The market maker offers the following bids and asks with respective depth to the market: Price Depth Bid 95 200 Bid 98 600 Bid 100
The market maker offers the following bids and asks with respective depth to the market:
| Price | Depth | |
| Bid | 95 | 200 |
| Bid | 98 | 600 |
| Bid | 100 | 1000 |
| Ask | 101 | 1200 |
| Ask | 103 | 700 |
| Ask | 106 | 400 |
You are not happy with the price impact from your trade so let's do it again but trade in a smaller amount this time. Say you submit a market sell order with 1,595 shares, what's your weighted average execution price? Enter a number with two decimal points.
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The Financial Services Marketing Handbook
Authors: Evelyn Ehrlich
2nd Edition
1118065719, 978-1118065716
