medium · Market Microstructure lob
An institutional trader sends a Fill-or-Kill (FOK) buy order for 2,000 shares at a limit of 50.10. The ask side of the LOB shows 800 shares at50.05 and 1,100 shares at $50.10.
Which statement correctly describes the outcome?
- The order is canceled in its entirety.
- 2,000 shares are filled, with 100 shares 'walking the book' to $50.11.
- 800 shares are filled at 50.05 and the order rests for the remainder.
- 1,900 shares are filled and 100 shares are canceled.
Sign up free to see the explanation and track your rank →
More Market Microstructure lob practice
- A stock is quoted at $50.00 bid x $50.10 ask. A buyer submit… — How does this action affec
- If the stock price drops instantly from $50.05 to $49.00 in a 'flash crash,' what happens
- Under the National Market System (Reg NMS), if Exchange A is quoting a stock at $10.00 x
- If a market sell order for 200 shares arrives at 10:00:05 AM, who receives the fill?
- A stock is trading with an NBBO of $40.00 × $40.10. A trade… — According to the Lee–Ready
- A stock is priced at $1.05. A market participant submits a q… — Why is this quote rejected
- What is the status of our limit order after the match, and what microstructure risk is the
- If a market buy for 400 shares arrives and the exchange uses 'pro-rata' matching, how many