CFA考试资料答案Kaplan Exam Qbank L2（考友版）R48 Trading Costs and Electronic Markets - Answers.pdfVIP

Question #1 of 16 Question ID: 1210883 An electronic trading strategy that is common when dealers are willing to trade at better prices than they quote, most accurately describes: A) leapfrogging. B) hidden orders. 7 3 2 C) ickering quotes. 1 q i Explanation s u Quote leapfrogging occurs when a dealers quotes a wide spread, but then oers a better price m : in response to other traders oering better prices. Flickering quotes are exposed limit orders t a that electronic traders submit and then cancel shortly thereafter. Larger traders submit hidden h orders when they do not want to reveal their standing orders to the markets.