Midpoint Peg Order - Quant Trader Interview Question
Difficulty: Easy
Category: Market Microstructure
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Topics: order-type, pegged-order, market-making
Problem Description
What is a 'Midpoint Peg' order?
Consider these characteristics:
- Automatically adjusts its limit price
- Aims to interact with liquidity at a specific price level relative to the NBBO.
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