D11-F02-A01 · GUIDED PLAYGROUND

Quoted Spread

How far apart are the best displayed prices available to an immediate seller and buyer? Choose a scenario, step through 61 deterministic calculations, and audit why the state changes.

◆ Synthetic teaching data · not a live market measurement
Quoted Spread scenario curveSixty-one deterministic calculations with the selected point marked.

Horizontal: controlled step. Vertical: Quoted spread (bps).

Liquidity and Spreads · measurement context

What liquidity is displayed at the best bid and ask right now?

Nearest comparison

Effective Spread adds an execution; Queue Imbalance adds displayed size.

Do not substitute

It is not the price a trade actually received and says nothing about hidden depth.