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SIE Series 19 Test Prep Chapter 1 Exam 55 Questions with Verified Answers,100% CORRECT
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SIE Series 19 Test Prep Chapter 1 Exam 55 Questions with Verified Answers
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SIE Series 19 Test Prep Chapter 1 Exam 55 Questions withVerified Answers
A primary market is - CORRECT ANSWER securities created IPO's
In a secondary market - CORRECT ANSWER investors trade issued securities and
listing companies must meet minimum capital requirements
Third market is when - CORRECT ANSWER Securities trading among broker
dealers/institutional investors
A protected bid/offer is - CORRECT ANSWER NMS stock quote
Floor broker electronic interest is on behalf of - CORRECT ANSWER customer
order
DMM interest is - CORRECT ANSWER electronic interest that participates in BBO
and is subject to priority/parity
The price at which an order is eligible to trade at any given time, which may be
different from the limit price or display price of the order is - CORRECT ANSWER
Working price
The price at which a Limit Order is displayed, which may be different from the
limit price or working price of the order is - CORRECT ANSWER Display Price
The adjustment to the working price of an order to prevent locking/crossing the
market is - CORRECT ANSWER Price slide
Aggressing Order is - CORRECT ANSWER a buy sell order that is or becomes
marketable against sell buy interest on the book
A resting order may become an Aggressing Order if - CORRECT ANSWER - working
price changes
-the PBBO or NBBO is updated
, -changes to other orders
-processing inbound messages
g-orders - CORRECT ANSWER Yielding Orders
can specify for open or close, these orders can trade with systematized non
marketable contra side orders - CORRECT ANSWER Discretionary Order (d-Order)
D-orders are within a discretionary range but this range is not used with -
CORRECT ANSWER -minimum trigger volume
-minimum trade size
-discretionary volume
DMMs do not see what instructions - CORRECT ANSWER floor broker
discretionary instructions
This order is for off floor participants/DMMs/floor brokers and it is a limit order
with a displayable portion with non-displayable portion and the entire order is
dark - CORRECT ANSWER Reserve order
Minimum Display Reserve Order - CORRECT ANSWER is a limit order with a
minimum one round lot displayable and are available for auction transactions
is a dark reserve limit order that is not routable and a non-displayed limit order is
rejected if it arrives pre open and during a halt and this is not for auction
transactions - CORRECT ANSWER Zero Display Reserve Order
this order is a buy non-routable order that cannot trade higher than the
consolidated last sale plus tick and will attempt to peg to the consolidated last
sale price, restricted by the PBO - CORRECT ANSWER Last sale peg
Not Held Order is when the floor broker has - CORRECT ANSWER discretion
A not held order has special terms and conditions like the - CORRECT ANSWER
VWAP, TWAP, POV and everything is held and their is a route for display
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