Quotes, spreads and orders
Understand trade direction and execution costs.
What you should be able to do
Independently: Calculate three spreads and identify the offer for a purchase.
Suggested prerequisites
A short guide
Understand trade direction and execution costs. Calculate three spreads and identify the offer for a purchase. Read the indicated source section, identify its key concepts and conditions, and work through the example. Record inputs, sources, units and assumptions. Keep your method separate from the result, mark unanswered questions, and review the output against the checklist.
An example
Bid 99 and ask 101 means an immediate purchase is quoted at 101.
Your task
Calculate three spreads and identify the offer for a purchase.
Start with this source
Read the indicated section relevant to quotes, spreads and orders and complete the foundation task.
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Your learning checklist
Required items: 0 / 10 completed or already known
Next: Read a role through its responsibilities
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