Consider an order-driven system that allows hidden orders. The following four sell orders on a particular stock

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Consider an order-driven system that allows hidden orders. The following four sell orders on a particular stock are currently in the system’s limit order book. Based on the commonly used order precedence hierarchy, which of these orders will have precedence over others? image text in transcribed

A. Order I (time of arrival of 9:52:01).
B. Order II (time of arrival of 9:52:08).
C. Order III (time of arrival of 9:53:04).

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Investments Principles Of Portfolio And Equity Analysis

ISBN: 9780470915806

1st Edition

Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard

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Question Posted: Mar 21, 2024 07:00 AM

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Consider an order-driven system that allows hidden orders. The following four sell orders on a particular stock

Question:

Order Number Time of Arrival (HH:MM:SS) Limit Price I II 9:52:01 9:52:08 Special Instruction (If any) 20.33 20.29 Hidden order

Step by Step Answer:

C is correct Order III time of arrival of 95304 has precedence ...View the full answer

Investments Principles Of Portfolio And Equity Analysis

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