Which of the below statements is FALSE?
A) Dealers provide value to the transaction process by providing capital for trading and facilitating order handling.
B) With respect to order handling, dealers provide value by assisting in the price improvement of customer orders; that is, the order is executed within the bid-offer spread.
C) The over-the-counter markets (OTC markets) are order-driven markets.
D) Dealers provide value by facilitating the market timing of customer orders to achieve price discovery.
Correct Answer:
Verified
Q11: The types of changes in the U.S.
Q12: Amex _.
A) lists stocks from throughout the
Q13: _ is an electronic order routing and
Q14: A fundamental difference between U.S. and international
Q15: A major role of a NYSE-assigned specialists
Q17: Dealers _.
A) operate as agents, not principals.
B)
Q18: Trading in stocks listed on the NYSE
Q19: _ is a market in which buy
Q20: _ permit intermediaries to provide liquidity. Intermediaries
Q21: Demutualization occurs by giving the members shares
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