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You will participate in a market as a buyer or seller. Your goal is to maximize your profit.
After all submissions:
How much will you pay as a buyer? How much will you receive as a seller? A single market price will be calculated on the basis of all submitted bids and asks. All trades occur at the same price.
Example of a Market Price:
Bids: 100, 90, 80, 70
Asks: 20, 40, 60, 85
The number of trades is 3. The last matched bid: 80 Last matched ask: 60. The market price is P* = (80 + 60) / 2 = 70.
If you are selected among the matched traders, you will trade at the market price.
Buyer profit: Value − Market Price
Seller profit: Market Price - Cost
If you do not trade, your profit is zero.