hard · Market Microstructure mmf-core
A trader places a stop-loss sell order at 72.00 for a position currently trading at 75.00. Overnight, the company releases a catastrophic earnings report. The stock opens the next day at 68.50 and trades down to 65.00.
At what price does a 'stop market' order execute?
- The order remains unexecuted
- $65.00
- $68.50
- $72.00
Sign up free to see the explanation and track your rank →
More Market Microstructure mmf-core practice
- A stock is trading at $100.00. The Level 1 S&P 500 Market-Wi… — What is the status of trad
- If the stock gaps down and opens at $69.50 on Tuesday morning, at what price will the trad
- Using the Lee-Ready algorithm, how should a trade occurring at $50.10 following a $50.00 t
- During the pre-open period of an opening auction, the exchan… — What is the primary purpos
- If a stock enters a 'limit state' and does not recover within 15 seconds, what is the regu
- A retail trader hears a stock tip on a popular social media… — How is this trader classifi
- A corn farmer is worried that prices will drop before the harvest in three months. The far
- What is the clearing price that maximizes volume?