medium · Market Microstructure lob
A stock is quoted at 50.00 bid / 50.01 ask on Exchange A, which charges a 0.003 taker fee. On Exchange B, the quote is also 50.00 bid / 50.01 ask, but it charges a flat 0.001 fee for all orders.
What is the effective price for a buyer using a market order on Exchange B?
- 50.010
- 50.009
- 50.013
- 50.011
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