(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order. (ii) Compare the pre and post limited order book and provide your comments. You are an informed trader from the UBS trading and sales department. You havebeen trading "Piper" shares in an order-driven Multilateral Trading Facility inEurope. A snapshot of the limited order book of "Piper" is shown below:Sequence12bid20019919819719619534If following orders (limited/market orders) are entered:ordertypemarketbuylimitsize557655limitlimitask202203204205206207200sell buy sizesize547356200200510107Instructionassociated withthe orderAll or nothing(AON)

First, the market buy order for 5 shares is entered. This order takes the market at the best…

(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order. (ii) Compare the pre and post limited order book and provide your comments.

(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order. (ii) Compare the pre and post limited order book and provide your comments.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter20: Accounting For Inventory

Section20.1: Determining The Quantity Of Merchandise Inventory

Problem 1OYO

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Question

(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order.

(ii) Compare the pre and post limited order book and provide your comments.

You are an informed trader from the UBS trading and sales department. You have
been trading "Piper" shares in an order-driven Multilateral Trading Facility in
Europe. A snapshot of the limited order book of "Piper" is shown below:
Sequence
1
2
bid
200
199
198
197
196
195
3
4
If following orders (limited/market orders) are entered:
order
type
market
buy
limit
size
5
5
7
6
5
5
limit
limit
ask
202
203
204
205
206
207
200
sell buy size
size
5
4
7
3
5
6
200
200
5
10
10
7
Instruction
associated with
the order
All or nothing
(AON)

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