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Buffalo can run up to 55 kilometers per hour. That's almost 35 mph, for our non-metric friends.

Intro to the Exchanges Drill

  • 1.

    Use this table for the following question

    Specialist's Book: XYZ Common
    BID / SizePriceASK / Size
    30
    Broker 1 10.10
    Broker 2  8.15Customer 3 STOP
    .20
    .25
    Broker 3 15.30Broker 4 15

    What is the inside market for XYZ?

  • Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

    We'll give you the first and last question on this exam. So you know we actually did the whole thing.

    $24.68

  • 2.

    If the specialist has his own inventory in XYZ, what is the two-way spread that he can quote to the market?