hard · Market Microstructure mmf-core
A retail broker routes a customer's market buy order for 500 shares to a wholesaler instead of Exchange A (Ask 45.02). The wholesaler fills the order at 45.01 and pays the broker 0.15 per 100 shares in PFOF.
What is the total price improvement the customer received compared to Exchange A?
- 5.00
- 0.75
- 5.75
- 0.01
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?