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Imagine you initially observe the sell portion of an order book as follows Sell ---------------------------- Price Size ID 20 1000 1 21 500 2 22 800 3 23 1200 4 An investor placed a buy order
Imagine you initially observe the sell portion of an order book as follows
Sell
----------------------------
Price Size ID
20 1000 1
21 500 2
22 800 3
23 1200 4
An investor placed a buy order. Immediately after the order execution (assume no other orders have been submitted/executed), the same sell portion of the order book becomes¶
Sell
----------------------------
Price Size ID
21 500 2
22 800 3
23 1200 4
What kind(s) of order has this investor possibly submitted?
A. A market order.
B. A limit order.
C. A market-to-limit order.
D.A market-with-protection order.
Expert Solution
The Investor has placed a Market order,
The investor must have place a market order to by 1000 shares which must have executed at 20 thus decreasing the Ask price & Ask quantity in the order book.
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