What Should Be Done When a Voice Broker Hits a Dealer's

question 520

Multiple Choice

What should be done when a voice broker hits a dealer's price as "done" at the very instant the dealer calls "off"?

• A) The deal should not be concluded and the broker should inform both counterparties accordingly.
• B) The transaction should be concluded and the broker should inform both counterparties accordingly.
• C) The broker should immediately inform both counterparties that the deal will have to be renegotiated.
• D) The broker should decide whether the transaction is concluded or not and inform both counterparties accordingly.