Question: Consider the limit order table in problem 4.3 (page 29) from the reading for weeks 3 and 4 (attached with the assignment). Assume that the

Consider the limit order table in problem 4.3 (page 29) from the reading for weeks 3 and 4 (attached with the assignment). Assume that the following two orders arrive in a sequence :
a. Kathy: Buy 300, limit 15.05
b. Lane: Buy 600, limit 15.10
What is the resulting limit order book? Now reverse the order of the sequence. That is, Lane’s order arrives before Kathy’s. What is the resulting limit order book? Is it the same?

Limit order table in problem 4.3:

	Trader	Sequence	Price	Quantity	Display
	Irina	5	16.00	1,000	Y
	Gina	2	15.07	500	Y
	Esteban	1	15.07	100	Y
	Dmitri	4	15.05	300	N
Sell	Alice	3	15.05	200	Y

Buy	Bruce	2	15.03	400	N
	Hans	1	15.01	300	Y
	Cho	3	15.00	200	Y
	Frank	4	15.00	300	N
	Jing	5	14.50	2000	Y

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