A specialist on the AMEX Stock Exchange is offering to buy a security for $37.50.A broker in Oklahoma City wants to sell the security for his client.The Intermarket Trading System shows a bid price of $37.375 on the NYSE.What should the broker do
A)Route the order to the AMEX Stock Exchange.
B)Route the order to the NYSE.
C)Call the client to see if she has a preference.
D)Route half of the order to AMEX and the other half to the NYSE.
E)It doesn't matter-he should flip a coin and go with it.

Question

Quizplus · Accepted Answer

The broker should try to obtain the best price for his client.Since the client wants to sell shares and the bid price is higher on the AMEX, he should route the order there.

A Specialist on the AMEX Stock Exchange Is Offering to Buy