medium · Market Microstructure mmf-core
A trader places a stop-loss sell order at $95.00 for a stock currently at $100.00. Overnight, the company announces a catastrophic failure, and the stock opens at $88.00.
At what price is the trader's order most likely to execute?
- $94.99
- $88.00
- $95.00
- The order will not execute because the price skipped $95.00.
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