Order Execution Situation

[WhiteOut56]

1) Spread: 50.50 * 50.54
2) There is non displayed liquidity Sell Lmt @ 50.52 on Nasdaq

1) If a buy market order enters on nasdaq will it execute @ 50.52?
2) If a buy market order enter on ARCA will it execute @ 50.54?

 

[thurstonhowell3]

Quote from WhiteOut56:

1) Spread: 50.50 * 50.54
2) There is non displayed liquidity Sell Lmt @ 50.52 on Nasdaq

1) If a buy market order enters on nasdaq will it execute @ 50.52?
2) If a buy market order enter on ARCA will it execute @ 50.54?

1. Yes
2. Yes