SIE - Securities Industry Essentials Exam
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?
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.