SIE - Securities Industry Essentials Exam
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A DMM is making a market in GHI listed stock. He is currently showing (12) 34.60 by 34.68 (17). How many shares can a customer sell at the bid if the trade is executed at this moment?
120
A
1200
B
170
C
1700
D
Explanations
The Designated Market Maker at the NYSE is making the market 34.60 by 34.68. He is willing to buy 1200 shares at 34.60 and sell 1700 shares at $34.68. The size on the bid and ask shows in hundreds of shares in the order book. The answer is 1200 shares.