A trader submits an all-or-nothing, immediate-or-cancel [fill or kill] order to sell 800 shares at €17.35. There are four buy limit orders standing in the stock's order book at the time the order is entered. The order book appears as follows:

Limit Buy Orders Limit Sell Orders

300 shares @ €17.35 100 shares @ €17.45

200 shares @ €17.35 400 shares @ €17.48

800 shares @ €17.33 500 shares @ €17.50

200 shares @ €17.31 900 shares @ €17.51

The number of shares of the order that will be executed is closest to:

a. 0

b. 200

c. 300

d. 500

e. 800

f. None of the above answers is correct.

Answer rating: 100% (QA)

The ne of Shares that will ... View the full answer