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What purpose does the designated order turnaround system

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Reference no: EM133275234

Problem:

1) What purpose does the designated order turnaround system (superset) serve on the New York stock Exchange?

2) Who sets the bid and asked prices for a stock traded over the counter? would you expect the spread to be higher on actively or inactively traded stocks?

Please provide the complete solution of this problem.

Reference no: EM133275234

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