(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order. (ii) Compare the pre and post limited order book and provide your comments. You are an informed trader from the UBS trading and sales department. You havebeen trading "Piper" shares in an order-driven Multilateral Trading Facility inEurope. A snapshot of the limited order book of "Piper" is shown below:Sequence12bid20019919819719619534If following orders (limited/market orders) are entered:ordertypemarketbuylimitsize557655limitlimitask202203204205206207200sell buy sizesize547356200200510107Instructionassociated withthe orderAll or nothing(AON)

First, the market buy order for 5 shares is entered. This order takes the market at the best…

(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order. (ii) Compare the pre and post limited order book and provide your comments.

(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order. (ii) Compare the pre and post limited order book and provide your comments.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: List the steps to record sales under a perpetual inventory system as a buyer and a seller.

A: The accounting practice of perpetual inventory allows a company to keep continuous, real-time track…

Q: The Purchase Order and Shipment Receipt tables from an AIS are partially represented below. Refer to…

A: 5. B.As you can see in the table, Purchase Orders with PO# and Shipping Receipts with reference to…

Q: how the journal entry he will need to make in order to write down the ending inventory from cost to…

A: Journal entry: The first step in accounting is a journal entry, which is used to record a business…

Q: Dropshipping is an order fulfillment method that lets store owners sell dire therefore, what terms…

A: The freight in cost is added to the cost of the products and considered as cost of goods sold of the…

Q: Dropshipping is an order fulfillment method that lets store owners sell directly to consumers…

A: Terms of freight must be included while dropshipping.

Q: Most of the accounting cycles have journal entries that accompany activities of each cycle.Which of…

A: Recording transaction in journal is termed as journalizing the entries. Transaction are first…

Q: 2) Use the information above to complete the Aging of Accounts Receivable Schedule below. Create a…

A: Customer Amount Invoice Date Today's Date No days unpaid Fitness Mania 2500 6/17/2016…

Q: Most of the accounting cycles have journal entries that accompany the activities of each cycle.…

A: A process of identifying a transaction, analyzing it and then recording the same in the books is…

Q: Which document would be used to support the recording of a sale on account? Question 49 options:…

A: Invoices or bills are used to record the credit transactions related to purchases and sales.

Q: From the "Period and Volume Discounts" window, how do we proceed to the "Volume Discounts and Price…

A: Companies use the software which are the accounting software’s which are used by the company in…

Q: Accounting Information System Prepare a payment flowchart for a bookstore business, who's…

A: ANSWER:- An Accounting Information System (AIS) is a system of collecting, storing, and processing…

Q: To correct a sales invoice that was accidentally posted containing the wrong inventory - Select one:…

A: A sales invoice is a commercial document issued by a seller to a buyer as an official record of a…

Q: Can you help me undetstand Periodic Inventory by Three method, any simple example will do?

A: Answer: As per periodic inventory method of inventory system inventory is being counted at the end…

Q: When goods are sold on credit the account of a customer is called : Select one: a. Purchases Return…

A: Lets start one by one to understand the all the terms, Purchase return:- It is a type of transaction…

Q: i (Click the icon to view the transactions.) Requirements 1. 2. Journalize the purchase…

A: The journal entries under the perpetual inventory system record the purchase of inventory by debit…

Q: In the revenue cycle (for sales on credit), a customer places an order for a certain product. Which…

A: Every time an order is received by an organisation, there is whole set of process that needs to be…

Q: The cost of an item if the full amount had been paid at the time of sale is called the O A. down…

A: Total Price It is a full purchase price for purchasing the consumer item, excluding the sales tax…

Q: 4. Prepare journal entries to record the purchase and sale transactions, as well as the cost of…

A: Inventory Valuation Method - Inventory valuation method includes FIFO, LIFO, and Weighted Average…

Q: [The following information applies to the questions displayed below.] The following are the…

A: a.LIFO (Periodic)UnitsCost per unitTotalBeginning inventory45$10$450Purchases July…

Q: When preparing the invoices, the prices come from the A. packing slips B. shipping notices C.…

A: Answer: Invoice is one of the most important document to identify the actual sales or purchases…

Q: 6. When would you use the Cheque window in QuickBooks for inventory? (1 Point) When you have…

A: The objective of the question is to understand the specific scenarios in which the Cheque window in…

Q: (c) Which of the following statements are true? (You may select more than one answer. Single click…

A: First let us understand what is traditional costing method and what is activity based costing…

Q: Inputs to the entire order-to-cash process (revenue cycle) normally could include all of the…

A: Revenue cycle is the process by which the company records the selling of goods and service to the…

Q: It was the end of the third quarter for Marigold Industries. There had been some discussion in prior…

A: Direct material price variance is a variance between the rate at which material should be purchased…

Q: What is another name for the bill that the seller sends to the buyer when the buyer purchases…

A: Solution: Purchase order is prepared and sent by buyer to seller while placing an order. Receiving…

Q: How do retail companies correctly match expenses with revenue for the period to get an accurate net…

A: The matching principle in accounting is a fundamental principle that requires companies to report an…

Q: Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year,…

A: The over-applied or under-applied manufacturing overhead is recorded when the actual expense is…

Q: excess paper is not allowed) Instruction: For each element of SCI, tell whether it belongs to…

A: Since we answer up to subparts, we will answer the first three. Please resubmit the question. The…

Q: When granting a sales allowance, is there a return of merchandise inventory from the customer?…

A: Sales allowance is an allowance where reduction in reduction in selling price is granted to customer…

Q: In a perpetual system, what would be the journal entry for a sales return. (a) Dr. Sales return and…

A: Journal entry is a process of recording the business transactions in the books of accounts for the…

Q: Every entry should have narration please Prepare journal entries to record the following…

A: Journal entries are a primary record of all business transactions.Journal entries contain one or…

Q: Match the terms with the definitions.

A: Introduction: Accounting: Accounting is an art of recording , classifying , summarising and…

Q: Which statement about the Expenditure Cycle is correct? The blind copy of the purchase order goes…

A: Step 1 The expenditure cycle is the flow of activities related to the acquisition of and payment for…

Q: Please tell us about Sales Discounts. Why are they necessary? Does this account appear on the…

A: Discount is the amount of reduction in the value of sale or purchase. In other words, discount in…

Q: 6. An example of a contra-revenue account found on the Income Statement is the M O A. Sales Returns…

A: A revenue account that is anticipated to have a debit balance is referred to as a contra revenue…

Q: What account balance is not used to computer the cost of good sold? a. Sales b. Purchased c.…

A: Calculate the cost of goods sold as follows: Cost of goods sold = Opening inventory + Purchases -…

Q: Match each item to a choice: Choices: Purchase discount Sales discount Buyer Seller

A: Invoice refers to a document issued by the trader displaying the addresses of the seller and buyer,…

Q: For a Credit Invoice Received, which entry should be made? debit to sales returns and…

A: Journal entry is the process of recording the business transactions in the books of accounts for the…

Q: On the work sheet, ending merchandise inventory will appear on the a. debit side of the Income…

A: Worksheet is a 10 column sheet which is used to prepare financial statements for business. It shows…

Q: The normal balance of the following accounts is a debit Multiple Choice Sales returns and…

A: Understanding the normal balance of accounts is crucial in accounting as it helps in proper…

Q: Which of the following statements is false? Explain Why?? a. It is the best practice to verify…

A: Intra company transfer represents the transfer of the inventory from one department to another…

Q: Find the discounted value at i,2 = 2.55 % of 43 seminual payments of $260 each, the first one due 30…

A: In the given case, we have to find the discounting value at i12 = 2.55% Semiannual payment of total…

Question

(i) Work out limit order book after each order coming in; And explain each order as to whether the order is taking the market or making the market and calculate the cost/price of filled order.

(ii) Compare the pre and post limited order book and provide your comments.

You are an informed trader from the UBS trading and sales department. You have
been trading "Piper" shares in an order-driven Multilateral Trading Facility in
Europe. A snapshot of the limited order book of "Piper" is shown below:
Sequence
1
2
bid
200
199
198
197
196
195
3
4
If following orders (limited/market orders) are entered:
order
type
market
buy
limit
size
5
5
7
6
5
5
limit
limit
ask
202
203
204
205
206
207
200
sell buy size
size
5
4
7
3
5
6
200
200
5
10
10
7
Instruction
associated with
the order
All or nothing
(AON)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

(i) Work out limit order book after each order coming in:

VIEW

(ii) Comparing the pre and post limited order book as follows:

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Please explain proper steps by Step and Do Not Give Solution In Image Format ?And Fast Answering Please ?
Which of the following accounts would normally have adebit balance?a. Inventoryb. Sales Returns and Allowancesc. Sales Discountsd. All of the above
Early payment discounts offered by vendors are __________________ if payment is made within the discount period. Select one: A. automatically calculated by QBO B. displayed in the pay bills window C. displayed on the bill form D. None of the above are correct
Select the best answer for the question. Utilize Set 2 from the following PDF to answer this question: http://lessons.pennfoster edu/pdf/061006_Exam_Tables.pdf 4. Which one of the following statements is true for the ending inventory balance? *. O A. It will appear as a debit in the Adjusted, Trial Balance column. B. It will appear as a credit in the Balance Sheet column OC. It will appear as a credit in the Income Statement column. OD. It will appear as a debit in the Trial Balance column. O Mark for review (Will be highlighted on the review page) >
Terminology Match each phrase with its definition. A. Sales discount B. Credit period C. Discount period D. FOB destination E. FOB shipping point F. Gross profit G. Merchandise inventory H. Purchases discount 1. 2. 3. 4. 5. 6. 7. 8. Goods a company owns and expects to see to its customers. Time period that can pass before a customer's full payment is due. Seller's description of a cash discount granted to buyers in return for early payment. Ownership of goods is transferred when the seller delivers goods to the carrier. Purchaser's description of a cash discount received from a supplier of goods. Difference between net sales and the cost of goods sold. Time period in which a cash discount is available. Ownership of goods is transferred when delivered to the buyer's place of business. 1
How does a price list get assigned to a sales order?a. It is copied from the business partner master to the sales order.b. Each warehouse has an associated price list.c. You have to manually assign a price list in the sales order.d. The main price list from the item master record is used in the sales order.
Which inventory system would have a purchases account? Group of answer choices Perpetual FIFO LIFO Periodic
A retailer using a perpetual inventory system will make a. the same number of adjusting entries as a service firm does. b. one more adjusting entry than a service firm does. c. one less adjusting entry than a service firm does. d. different types of adjusting entries compared to a service firm.
General Instructions. 1. Copy the error and explain why this is wrong. (If the error seems to be big or composed of various parts, you may take a screenshot of it and just paste the screenshot.)2. Write a correction of the identified error.3. Then explain why your correction is right using your own words. Number or label the answers and solutions accordingly.
When a seller receives payment from a customer who takes the discount for paying early, the journal entry will include a debit to sales discount credit to sales debit to sales
The Inventory module window has journal icons for Select one: O a. inventory sales and inventory purchases b. item assembly and inventory adjustments O c. inventory sales and inventory adjustments O d. all of the above Show Transcribed Text You should use the adjustments journal to record - Select one: O a. adjustments to inventory purchase prices from the supplier as an allowance for damages O b. adjustments to inventory sale prices to customers as an allowance for damages c. adjustments to inventory in stock for damaged goods O d. all of the above
In the sales 3-way match control procedure, which of the following invoice details are agreed to the customer purchase order and shipping document? O Invoice price, vendor, delivery date, quantity. O Invoice date, customer, description, quantity. O Invoice price, customer, delivery date, description, quantity. O Invoice price, vendor, date, description, quantity.

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS