Question
The bid sides of the book at three exchanges are: price Exchange A Exchange B Exchange C Shares Shares Shares Shares Shares Shares Displayed
The bid sides of the book at three exchanges are: price Exchange A Exchange B Exchange C Shares Shares Shares Shares Shares Shares Displayed hidden Displayed hidden Displayed hidden 10.49 100 700 100 2000 10.48 200 100 200 200 10.47 400 500 200 400 10.46 700 1000 10.45 800 200 2000 A trader simultaneously sends the following sell orders, all with limit prices of 10.46, all marked ISO: sell 800 to A, sell 2000 to B, sell 500 to C. What executions occur?
Step by Step Solution
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Step: 1
Answer To determine the executions that occur we need to compare the sell orders with the bid sides ...
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Step: 2
Step: 3
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
