The Introduction of the ___________________Allowed Brokers to Send Orders Either

question 9

Multiple Choice

The introduction of the ___________________allowed brokers to send orders either for immediate electronic execution or to the specialist, who could seek price improvement from another trader.

• A) International Exchange
• B) NYSE Hybrid Market
• C) Designated Order Turnaround
• D) NYSE Euronext

---

Definitions:

Equity

A measure of ownership interest in a corporation or asset, reflecting the residual value to shareholders after debts and liabilities have been settled.

Securities

Financial instruments representing ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives).

Ownership

The legal right to possess, use, control, and dispose of property or an item.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership and a claim on its profits.