Which one of the following is an advantage of owning a seat on the NYSE? A member has the ____.
A) privilege of executing trades using the facilities provided by the Securities Exchange Commission
B) privilege of executing trades using the facilities provided by the Exchange
C) exclusive privilege of trading stocks of listed firms on the Exchange
D) assurance that his or her trades will be executed by the specialist the same day they are placed

Question

Quizplus · Accepted Answer

Owning a seat on the NYSE provides the privilege of executing trades using the facilities provided by the Exchange. This allows for direct access to the NYSE's trading facilities, which can result in faster and more efficient execution of trades. Additionally, owning a seat on the NYSE can provide access to valuable market information and networking opportunities with other members. However, owning a seat can also be expensive and requires significant financial and regulatory obligations.

Which One of the Following Is an Advantage of Owning