medium · Market Microstructure mmf-core
During a call auction for XYZ Corp, the following orders are received: Buy market for 200 shares, Buy limit at $10.10 for 300 shares, and Buy limit at $10.00 for 500 shares. The sell side includes a Sell market for 100 shares and a Sell limit at $10.00 for 700 shares.
At which price will the auction clear to maximize volume?
- The midpoint between $10.00 and $10.10.
- $10.00
- $9.90
- $10.10
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