If a commission broker is unable to immediately place one of her orders on the NYSE, she most likely will leave it with the
A) floor broker
B) floor trader
C) two-dollar broker
D) specialist

Question

Quizplus · Accepted Answer

If a commission broker is unable to immediately place an order on the NYSE, she is likely to leave it with the specialist. The specialist is a person or firm responsible for maintaining an orderly market by buying and selling specific stocks, and they are responsible for executing orders for these stocks. Therefore, if the commission broker cannot immediately place the order, leaving it with the specialist is the best option, as it ensures that the order will be executed in an orderly manner.

If a Commission Broker Is Unable to Immediately Place One