Question: A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 10:00am Buy 2, limit 10 10:01am

A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives:

10:00am Buy 2, limit 10
10:01am Buy 3, limit 11
10:20am Sell 1, limit 13
10:21am Buy 2, limit 13
10:23am Sell 2, limit 9
10:32am Sell 2 at the market
10:35am Buy 1, limit 12

What is the last trade price?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1000am Buy 2 limit 10 This order is placed on the bid side of the order book at a price of 10 1001am ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

The complaints department of Sandpiper Crossing (a chain of nursing homes), is located near the outskirts of the city (for inconvenience). The department consists of a single server who can deal with...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 10:00am Buy 2, limit 10 10:01am Buy 3, limit 11 10:20am Sell 1, limit 13 10:21am...

A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 10:00am Buy 2, limit 10 10:01am Buy 3, limit 11 10:20am Sell 2, limit 12 10:23am...

A continuous auction starts with an empty order book. The market opens and the following sequence of orders arrives: 9:30am, Trader ABC, Buy 1, limit 24 9:31am, Trader DEF, Sell 2, limit 25 9:40am,...

What is the best bid and best offer at 10:06? For how many shares? 4 3 hours 200 A continuous auction starts with an empty order book. Assume the market is continuous and uses strict price-time...

1. Call auction. Graph total market demand and supply curves in {price, quantity} space for a call auction market where the following orders are submitted to a central auctioneer: Limit orders to...

Allegheny Ludlum Steel! Question: What is your overall evaluation of Allegheny Ludlum Steel's productivity improvement program? Discuss the productivity improvement program at Allegheny Ludlum in...

A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the...

Proten Bhd purchased a machinery costing RM500,000 on 1 Janaury 2014 and the machinery is depreciated over 10 years. Proten Bhd spends RM10,000 per annum to maintain the performance of the machinery....

A 2.2 x 10-4 mol sample of N2(g) effuses through a tiny hole in 105 s. How much H2(g) would effuse through the same orifice in 105 s?

Use Stokes' Theorem t o calculate the integral S curlvec ( F ) * d v e c ( A ) where vec ( F ) = - 3 yvec ( i ) + 3 xvec ( j ) + ( x y + 2 c o s z ) v e c ( k ) and S i s the disk x 2 + y 2 9 ,...

In the?parallel-machine-scheduling problem, we are given?n?jobs,?J 1 , J 2 , . . . ,J n , where each job?J k has an associated nonnegative processing time of?p k . We are also given?m?identical...

The following information is related to Haselhof Inc. Balance per books at October 31, $41,847.85; November receipts $173,523.91; November disbursements $164,893.54. Balance per bank statement...

Water is forced out of this cylinder by the piston. If the piston is driven at a speed of 6 ft/s, what will be the speed of efflux of the water from the nozzle if d = 2 in. and D = 4 in.? Neglecting...

Dane ASA both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year...

Express each of the following ratios as an equivalent ratio whose smallest term is 1. Maintain three-figure accuracy. 1.41 :8.22

You create a workstream for service representatives who assist high-priority customers.

Jenny earns $34,500 in 2012. Calculate the FICA tax that must be paid by: Jenny: ..............................Soc,Sec. ..................$______________...

Leslie is a single taxpayer who is under age 65 and in good health. For 2012, she has a salary of $23,000 and itemized deductions of $1,000. Leslie is entitled to one exemption on her tax return. a....

Abigail (Abby) Boxer is a single mother working as a civilian accountant for the U.S. Army. Her Social Security number is 676-73-3311 and she lives at 3456 Alamo Way, San Antonio, TX 78249. Helen,...

A company selling clothing on the Internet reports that the packages it ships have a median weight of 68 ounces and an IQR of 40 ounces. a) The company plans to include a sales flyer weighing 4...

Assume the cholesterol levels of adult American women can be described by a Normal model with a mean of 188 mg/dL and a standard deviation of 24. a) Draw and label the Normal model. b) What percent...

Suppose you were to collect data for each pair of variables. You want to make a scatterplot. Which variable would you use as the explanatory variable and which as the response variable? Why? What...