An NYSE Supplemental Liquidity Provider

question 6

Multiple Choice

An NYSE supplemental liquidity provider:
I. can trade the same stocks as designated market makers.
II. can trade only from offices outside the exchange.
III. is tasked to create a one-sided market (i.e., on the buy or sell side for a specific security) .
IV. is paid 30 cents per 100 shares traded.

• A)I and II only
• B)I, II and III only
• C)I and III only
• D)I, II, and IV only
• E)I, II, III and IV

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Definitions:

Debt

money that is owed or due to be paid to someone else, often as a result of borrowing funds.

Investment Account

An account held at a financial institution that is used for investing in securities, such as stocks, bonds, and mutual funds.

Withdraw

The process of withdrawing money from a bank account or investment.

Compounded Monthly

It's the practice of assessing interest each month, by adding up both the initial amount invested or borrowed and the subsequent interest that's accumulated over time.