easy · Market Microstructure spread-econ
Which of the following is a common 'easy' way to identify that a trade was likely buyer-initiated using the Lee-Ready algorithm?
- The trade volume is exactly 100 shares.
- The trade price is exactly equal to the best bid.
- The trade price is higher than the prevailing quote midpoint.
- The trade occurs at the very beginning of the trading day (9:30 AM).
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