Market Buy Execution Price - Quant Trader Interview Question
Difficulty: Easy
Category: Market Microstructure
Practice quant interview questions from top firms including Jane Street, Citadel, Two Sigma, DE Shaw, and other leading quantitative finance companies.
Topics: market-order, order-book, execution-price
Problem Description
You are looking at the order book for a stock. The best bid is 100 dollars and the best ask is 100.01 dollars. You place a market buy order for 100 shares. At what price will your order execute, assuming no other orders are executed before yours?
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