Assignment Instructions & Materials:

You can actually watch trading taking place on the web by visiting markets.cboe.com$/$us$/$equitiesLinks to an external site.. This stock market was originally the BATS Exchange until it was purchased by the CBOE in $2016.$ This market is somewhat unique in that the "order book," meaning the list of all buy and sell orders, is public in real time. As show, I have captured a sample of the order book for Intel $($INTC$).$ On the top in blue are sell customer has specified the most he or she will pay $($for buy orders$)$ or the least he or she will accepted $($for sell orders$).$ The inside quotes $($the highest bid, or buy, and the lowest ask, or sell$)$ in the market are shown in bold face.

W$2-$Assignment.PNG

$**$Source: markets.cboe.com

If you visit the site, you can see trading take place as orders are entered and executed. Noticed that on this particular day, about $2\mathrm{.}8$ million shares of Intel had traded on the CBOE Market. At that time, the inside quotes for Intel were $1,500$ shares bid at $$52\mathrm{.}32$ and $800$ shares offered at $$52\mathrm{.}33.$ This is not the entire order book for Intel as there are more buy orders below $$52\mathrm{.}28$ and more sell orders above $$52\mathrm{.}37.$

Question:

Go to markets.cboe.com$/$us$/$equitiesLinks to an external site. and look up the order book for Microsoft $($MSFT$).$ What are the inside quotes for Microsoft?

Go to markets.cboe.com$/$us$/$equitiesLinks to an external site.. This website shows the $10$ most active stocks. Looking down through this list, what are the bid$-$ask spreads for these stocks?