The time is currently 10.15am. A broker has just received an order from a buyside client to buy 140,000 shares of Endesa SA on the Spanish Stock Exchange (Bolsa de Madrid). The instructions are to beat or achieve W AP over the next 2 hours by executing on the primary exchange only. The 20-day ADV is 4,523,745 shares and the broker's systems display the following historical volume profile for each 30-minute window beginning immediately (the ADV % column would sum to 100 if the profile for the entire day was shown): Start Time 10.15 10.45 11.15 11.45 ADV % 5.2 3.0 2.0 1.5 If today's volume can be accurately predicted using history, which of the following is MOST ACCURATE? a) The broker should attempt to beat VWAP by using aggressive order types b) The client order represents 3.09% of ADV and 11.7% of the predicted volume over the next 2 hours c) The number of shares expected to print over the next 2 hours is between 500,000 and 550,000 d) Between 11.45 and 12.15, the broker should submit an order to buy 2,100 shares to align to the historical volume profile. The time is currently 10.15am. A broker has just received an order from a buyside client to buy 140,000 shares of Endesa SA on the Spanish Stock Exchange (Bolsa de Madrid). The instructions are to beat or achieve W AP over the next 2 hours by executing on the primary exchange only. The 20-day ADV is 4,523,745 shares and the broker's systems display the following historical volume profile for each 30-minute window beginning immediately (the ADV % column would sum to 100 if the profile for the entire day was shown): Start Time 10.15 10.45 11.15 11.45 ADV % 5.2 3.0 2.0 1.5 If today's volume can be accurately predicted using history, which of the following is MOST ACCURATE? a) The broker should attempt to beat VWAP by using aggressive order types b) The client order represents 3.09% of ADV and 11.7% of the predicted volume over the next 2 hours c) The number of shares expected to print over the next 2 hours is between 500,000 and 550,000 d) Between 11.45 and 12.15, the broker should submit an order to buy 2,100 shares to align to the historical volume profile