The old tick-test depended on whether the short sale was executed at a price that was higher than the last different price.
If they do neither, however, they will have to disclose to customers when an order was executed at a price that was not as good as was available in another market.
The sale, executed at a price per share of $68.62, represented a sizable gain from average share price when he purchased most of the stock in the third quarter of 2015 around $38.
The benefit is your order is very likely to be executed promptly.[7] The downside is that it could be executed at a price much higher or lower than the current ask or bid for stocks with little volume or liquidity.
This practice, illegal in other businesses, reduces the odds of an investor's order being executed at a better price than that prevailing in the market at a given time.
The attorney said, "The sale was executed at a predetermined price at which she planned to sell the stock.
Eligible orders would include sell orders priced at $42 or less that did not execute or were executed at an inferior price, and buy orders priced at $42 that were executed but not immediately confirmed, Nasdaq said in a statement.
Understanding the nature of these arrangements, the rights and remedies of the holders and the likely treatment of such instruments in an insolvency can be important in determining if a distressed acquisition is likely to be successfully executed at an acceptable price.
Effective spread and proportional effective spread are devised to measure actual trading costs, as they recognise that many trades occur within the quoted bid-ask spread, and if the proposed transaction volume exceeds the quoted depth, the portion of the order in excess of the quoted depth may be executed at an altered price.
Interviews with DataWind executives, government officials, Chinese manufacturers, business partners and former and current employees paint a picture of a small family company that was overwhelmed by a complex project that even China's cutthroat technology manufacturers would find challenging to execute at the price expected by the government.
Discount brokers, as order-takers, are less inclined to follow an order through to make sure it gets executed at a better-than-market price.
