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A comment on SEC approves Texas Stock Exchange, first new US integrated exchange in decades. Parent comment
What would that model look like?
Suppose we trade infrequently but take orders whenever. A trade is coming up and the order book looks like this:
buy XMPL 100 shares $0.40 buy XMPL 150 shares $0.22 sell XMPL 100 shares $0.15 sell XMPL 100 shares $0.20 sell XMPL 100 shares $0.25 sell XMPL 100 shares $0.30
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What would that model look like?
Suppose we trade infrequently but take orders whenever. A trade is coming up and the order book looks like this:
We can always fill the buy order for 100 shares. How much should that guy pay?