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Wall Street X + to cut stock trading commissions to zero. But there is no such thing as a free lunch. Brokers still need to
Wall Street X + to cut stock trading commissions to zero. But there is no such thing as a free lunch. Brokers still need to mak money to continue to provide services. How do they make money? Since Robinhood is still private and we cannot look at its financial statements, let's understand instead E*Tram business. Find E*Trade's latest 10-Q (quarterly reports with the SEC: use 2020 Q2). Go through the statement and find the numbers for its net revenues for 2020 Q2. List the three largest net revenue items and discuss them briefly. 3 Order Book If the following chart is a real-time order book for the Coca-Cola Company and you just placed a market buy order of 200 shares, what should be the executed price? KO Coca-Cola Company Level 2 quotes NYSE Enter Ask Price 51 33 51.32 51.31 51.30 51.29 51.28 51.27 51.26 51.25 5124 51.22 51.21 51.20 51.19 51.18 51.14 Bid Size 800 1200 1200 1000 1100 700 900 100 200 100 550 100 1300 900 100 700 Time 12:39:14 12:39:15 12:38:47 12:38:11 12:39:14 12:38:56 12:38:56 12:39:03 12:39:17 12:38:13 12:37:09 12:38:20 12:38:16 12:38:13 12:38:13 12:34:11 Price 5135 51.36 51.37 51.38 51.39 51.40 51.41 51.42 51 46 51.47 51.52 Size 1300 1700 1300 1700 1200 1100 600 900 1200 700 700 100 100 100 100 100 Time 12:39:33 12:39:15 12:39:32 12:39:17 12:39:14 12:39:17 12:39:14 12:38:47 12:38:43 12:36:22 12:34:11 12:16:06 11:33:37 10:56:43 11:11:05 10:49:59 51.60 51.61 51.63 51.65 51.68 C
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