If you’re buying, then use ask. If you’re selling, then use bid. That’s how it works in CFA land and in real life. You’d use mid if you want effective spread.
Bobflay, you sure they didn’t own shares and were looking to get shares? Well in any case, yeah without that piece of info, mid would be prudent. I agree with that.
I think they covered this pretty heavily in either the ethics section or the thing you signed right before you took the exam….should have paid closer attention.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.