easy · Market Microstructure lob
A trader holds a long position in ABC stock purchased at 75.00 and places a stop-loss market sell order at 72.00.
If the market gaps down after an earnings announcement and opens at 69.50, at what price will the trade likely execute?
- 69.50
- 72.00
- 75.00
- The order will not execute and remains pending.
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