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Simple mid price

Market makingEasy

The best bid is and the best ask is . The mid price is the average of the best bid and the best ask. What is the mid price?

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A whole number, a decimal, a fraction like 3/8 or a percent.

Hint

Add the prices and halve.

Solution
  1. The sum of the best bid and best ask is .
  2. Dividing by gives the average.
  3. The mid price is .

Answer:

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