The Question ask to state ONE reason for using Crossing System, the folowing is guideline answer from CFAI in exam 2010, which already states 3 reasons: i) Large order size relative to trading volume ii) Low urgency iii) high spread. Can i just state one reason eg, large order size and get full credit ??? Guideline from Schwerser Practive volume is really that short but i’m wonderign will that give full credit??
"The ABCD order is large relative to average daily
volume and has a large spread. It is not suitable for
algorithmic trading and, given its low urgency, it
would be most appropriate to use a broker or
crossing system to mitigate the large spreads. This
will also prevent information leakage and protect
the client’s anonymity"