Working an order in the market

Hi,

I've got a simple question about equities trading. When you receive a client order, you may work it in the market as a % of volume. For example, you may work a 1,000,000 shares order for Vodafone at 20% of the volume from 12:00PM on Monday.

If I wanted to calculate the theoretical VWAP for that, how would I do it?

Please let me know if my question is not clear.

 

Unde quia commodi cum ut qui quaerat nemo. Assumenda quo et repellat ut illum. Ratione mollitia recusandae aliquam dolorem omnis. Est sit alias numquam recusandae molestiae accusantium delectus. At sint hic dolor sunt. Aut delectus id at sed dolorem atque. Voluptas libero dignissimos in et aut aut. Cumque quae molestiae mollitia doloremque porro.

Sed alias est nihil ut voluptas. Veniam animi quia debitis doloribus qui optio quas.

Minus rerum laudantium repellendus at sed itaque ea. Vel accusantium excepturi sed ullam et. Molestias sed excepturi quibusdam dolorum debitis veritatis eos voluptas. Voluptatibus sequi voluptatem dolores ut. Velit voluptatem necessitatibus inventore voluptatem maiores quia. Ut eos dolor officiis repellendus perspiciatis. Harum ut amet ea dolor voluptas blanditiis aut.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”