easy · Order Flow Analysis tape-reading-time-sales

If a 50-lot market buy order is filled by two passive sellers (one offering 30 lots and one offering 20 lots), how many entries will typically appear on the tape?

  1. Two entries: one for 30 lots and one for 20 lots.
  2. One entry of 50 lots.
  3. Zero entries, as market orders are processed off-tape.
  4. Three entries: the buy order, and the two sell fills.

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