Block houses that are members of the NYSE
A) buy and sell from their own account.
B) trade only odd lots of shares.
C) typically achieve worse prices for their clients than the specialists can.
D) transaction prices are not recorded on the floor of the NYSE.

Question

Quizplus · Accepted Answer

Block houses that are members of the NYSE buy and sell from their own account. They are separate from the specialists who oversee trading on the exchange floor and do not necessarily achieve worse prices for their clients. The transaction prices of block trades are not typically recorded on the floor of the NYSE, but instead reported after market close.

Block Houses That Are Members of the NYSE