I just lifted your offer, re-quote
Asked at IMC, Akuna
Interviewer: "Make me a market on tomorrow's high temperature in New York City, in degrees Fahrenheit." You quote " bid, at ", fair . The interviewer says: "I buy at . Make me a new market."
What should your new market be, and why? What did the fill tell you?
Show a hint
Your counterparty chose to buy at your offer, the higher side. In a market with a possibly better-informed trader, why is a trade against you rarely random?
Your answer
This one is open-ended. Work it through, then check your reasoning against the full solution.