Market quality

List the three components that determine market quality and give a brief description. 1) 2) 3)

Liquid, Transparent, Assurity of Completion L - minimal cost and timely trading T - correct and up to date trade and market information AoC - trouble-free trade settlement (completed and ownership transferred without problems) Not sure if that’s what you’re looking for. Found it on page 117 of Book 5 (schweser) LOS 45.c.

You are right! I was asking it more as a question (ala q-bank). I just thought that was something that could show up in vignette that most of use wouldn’t pay much attention to

Hard to remember everything. I could only think of liquidity and transparency.

Hopefully they will only ask us to list 2!

TLC T - Transparency L - Liquidity C - Completion (Assurancy of)