Gate 2: Liquidity, Vol, Amihud

A coin has two days: a 2% move on $40M and a 2% move on $4M. What is its Amihud ratio?

• 0.091% per $1M
• 0.275% per $1M
• 0.55% per $1M

In a pair, leg A passes all three screens and leg B fails only the ILLIQ cap. What is the pair's Gate 2 result?

• Pass, because most of the screens passed
• Pass, because leg A can carry the trade
• Fail, because a pair fails if either leg fails any screen