Section III : Trading Thin Issues
Situation: You are responsible, either as an agency broker or as a buyside trader, to execute a buy order, monster block of 2,500 shares, in APU, Amerigas Partners. The date is January 14th, 2010. What can you expect to happen should you send 2,500 shares to buy at the market pre-open? It closed at $40.77 on January 13th, and there is no news on the stock.
(A) You can expect a fill within $0.15 of the $40.77 close. The specialist at the post will add liquidity and maintain a fair and orderly market, and fill you
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