easy · Market Microstructure spread-econ

What does 'Resiliency' refer to in the study of market liquidity?

  1. The speed at which prices return to fundamental value after a temporary shock.
  2. The ability of a brokerage to remain solvent and survive a severe market crash.
  3. The technical uptime and reliability of an exchange's matching engine servers.
  4. The number of shares available for trading at the best bid or offer price.

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