A customer enters an order to sell 100 TCB at 49 stop limit. Prior to the order, TCB was trading at 49.25. Subsequent trades are reported on the Tape as follows:

A customer enters an order to sell 100 TCB at 49 stop limit. Prior to the order, TCB was trading at 49.25. Subsequent trades are reported on the Tape as follows:


TCB 48.75, 48.85, 49, 49.25


Which trade triggered the order?


A) 49.25.

B) 48.75.

C) 48.85.

D) 49.



Answer: B) 48.75.


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