medium · Market Microstructure lob
A stock is listed with a maker-taker fee model where the exchange provides a 0.002 rebate to makers and charges a 0.003 fee to takers.
If the NBBO is 20.00 bid / 20.01 ask, what is the 'net' effective price for a buyer using a market order?
- 20.013
- 20.008
- 20.007
- 20.011
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