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    Consider A European Electronic Crossing Network That Runs Six Crosses

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    Taimour Hassan
    The document describes an electronic crossing network that matches orders six times a day. In the first crossing session, participant A places an order to buy 100,000 shares, participant B places an order to sell 50,000 shares, participant C places an order to sell 150,000 shares with a minimum fill of 125,000 shares, and participant D places an order to buy 20,000 shares at €36. The network matches orders and fulfills trades at each crossing session.

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    Consider A European Electronic Crossing Network That Runs Six Crosses

    Uploaded by

    Taimour Hassan
    274 views1 page
    The document describes an electronic crossing network that matches orders six times a day. In the first crossing session, participant A places an order to buy 100,000 shares, participant B places an order to sell 50,000 shares, participant C places an order to sell 150,000 shares with a minimum fill of 125,000 shares, and participant D places an order to buy 20,000 shares at €36. The network matches orders and fulfills trades at each crossing session.

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    Consider a European Electronic Crossing Network That Runs Six Crosses

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    The document describes an electronic crossing network that matches orders six times a day. In the first crossing session, participant A places an order to buy 100,000 shares, participant B places an order to sell 50,000 shares, participant C places an order to sell 150,000 shares with a minimum fill of 125,000 shares, and participant D places an order to buy 20,000 shares at €36. The network matches orders and fulfills trades at each crossing session.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    274 views1 page

    Consider A European Electronic Crossing Network That Runs Six Crosses

    Uploaded by

    Taimour Hassan
    The document describes an electronic crossing network that matches orders six times a day. In the first crossing session, participant A places an order to buy 100,000 shares, participant B places an order to sell 50,000 shares, participant C places an order to sell 150,000 shares with a minimum fill of 125,000 shares, and participant D places an order to buy 20,000 shares at €36. The network matches orders and fulfills trades at each crossing session.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Consider a European electronic crossing network that

    runs six crosses #4566


    Consider a European electronic crossing network that runs six crosses daily, that is, the orders
    are matched six times a day. This network allows a participant to specify several constraints,
    such as price and minimum fill. Suppose that all the orders submitted to this network for the
    shares of Christian Dior are good for day (GFD); that is, any unfulfilled part of an order is
    automatically resubmitted to subsequent crossing sessions during the day.a. The following
    orders are on the network for the shares of Christian Dior at the time of the first crossing session
    of the day. The most recent trading price of Christian Dior at the Paris Bourse is €37.•
    Participant A: a market order to buy 100,000 shares• Participant B: a market order to sell
    50,000 shares• Participant C: a market order to sell 150,000 shares, with a minimum fill of
    125,000 shares• Participant D: an order to buy 20,000 shares at €36Discuss what trades take
    place on the crossing network and what orders would would remain unfulfilled.b. The following
    new orders are submitted to the next crossing session. The most recent trading price of
    Christian Dior at the Paris Bourse is €38.• Participant E: a market order to buy 150,000 shares•
    Participant F: A market order to sell 50,000 sharesDiscuss what trades would take place on the
    crossing network in this crossing session and what orders would remain unfulfilled.View
    Solution:
    Consider a European electronic crossing network that runs six crosses

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