medium · Market Microstructure lob
In a market for a specific security, the National Best Bid and Offer (NBBO) is 25.00 bid and 25.10 ask. A trader submits a midpoint pegged buy order.
If the best offer subsequently moves to 25.08 while the best bid remains unchanged, what is the new limit price of the pegged order?
- 25.05
- 25.08
- 25.04
- 25.09
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