Question: Incorrect Question 29 0/3 pts Consider a (fictional) ECN called FastNet. Here is part of FastNet's current Limit Order Book. This is the part for

Incorrect Question 29 0/3 pts Consider a (fictional) ECN called FastNet. Here is part of FastNet's current Limit Order Book. This is the part for limit orders on Amazon common stock FastNet ECN's Limit Order Book for Amazon Stock. Limit orders to buy Limit orders to sell Trader Limit price Quantity Trader Limit price Quantity Angelica $1.892.00 500 Eddie $1,892.10 400 Benjie $1,891.95 500 Francisco $1,892.10 300 Carla $1,891.90 300 Grant $1,892.15 1.000 Dan $1.891.80 600 Harmony $1,892.20 500 Carla $1,891.90 300 Grant $1,892.15 1,000 Dan $1.891.80 600 Harmony $1,892.20 500 FasNet participates in the the Nasdaq Stock Market as if it were a dealer/market maker. Given the above order book, how would FastNet's bid and ask quotes for Amazon appear in the Nasdaq quotation system? (Quotes are in the form of share price x shares in the quote.) bid 1.892.00 x 500; ask 1.892.10 x 700 bid 1891.80 x 600; ask 1,892.20 x 500 1.892.00 x 1.000: ask 1.892.10 x 400 bid 1.891.95 x 500; ask 1,892.15 x 1,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
