Stock Market Basics

Exchanges and Price Formation

12 of 60 questions in the app

Exchange basics

  1. What is a stock exchange? Easy

Trading venues

  1. What is Xetra? Easy
  2. Which of these cities is home to a German securities exchange? Easy
  3. At what times does core trading take place on Xetra on business days? Easy
  4. What is meant by off-exchange direct trading? Easy

Price formation

  1. What tends to happen to a share's price when considerably more investors want to buy than sell? Easy
  2. What does the ask price denote? Easy
  3. What is the spread? Easy

Trading venues

  1. Which types of trading venue does European securities law distinguish? Medium
  2. How does the open market (Freiverkehr) differ from the regulated market? Medium

Trading methods

  1. The following orders are in an auction. Buy: 200 shares at market, 300 shares limit 10.10 euros, 500 shares limit 10.00 euros. Sell: 100 shares at market, 300 shares limit 9.90 euros, 500 shares limit 10.00 euros. What auction price results? Hard
  2. In the same case, the auction closes at 10.00 euros with a turnover of 900 shares. Which statements are correct? Hard

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