Trading methods · Question 12 of 12
In the same case, the auction closes at 10.00 euros with a turnover of 900 shares. Which statements are correct?
3 answers are correct. Hard
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Answer
- B The seller with a limit of 9.90 euros receives 10.00 euros per share
- C The market buy orders are executed in full
- E Of the buy orders limited at 10.00 euros, 100 shares remain open
Explanation
In the auction, all buyers pay and all sellers receive the same price, even those who set a better limit. Market orders and better limits are served first; at the limit price itself, supply is not enough for everyone. Demand of 1,000 shares meets supply of 900 shares, leaving 100 shares on the buy side, which a "bG" price suffix would express.