Which of the following is most accurate: a) A market not held order gives a trader greater discretion than a simple market order. b) A best efforts order implies some degree of immediacy, but not immediacy at any price. c) In order to reduce direct trading costs, straight through processing enables automation within a given trading system or venue.
A for the win
A
A
hi , could you give some tough questions , come on
goodman2011 Wrote: ------------------------------------------------------- > hi , could you give some tough questions , come on When you get 95 on the mock exam there are no tough questions. All you have to do is show up.
Answer is B
bpdulog Wrote: ------------------------------------------------------- > Answer is B Better watch out because A is fairly correct as well, unless you are marking it wrong because of “trader” instead of “broker.” Market not held gives the trader/broker option to execute order at his discretion based on pricing he feels appropriate.
Although you may be correct, B is the more correct answer.
bpdulog Wrote: ------------------------------------------------------- > Although you may be correct, B is the more correct > answer. Well considering that A is textbook. It seems like a good answer.
This type of order is relevant for trades placed on certain exchanges (regulated trading venues) where an order may be handled by an agent of the trader in executing trades (a broker). This variation of the market order is designed to give the agent greater discretion than a simple market order would allow. (Level III Volume 6 Portfolio: Execution, Evaluation and Attribution, and Global Investment Performance Standards , 4th Edition. Pearson Learning Solutions 8).
Back to the broker part, that is fine.
B is the more correct answer as it is verbatim from the book.