If a Subscriber Wants to Buy a Stock Through an ECN

question 39

True/False

If a subscriber wants to buy a stock through an ECN with no sell order, the order will be executed and then matched after a sell order arrives.
Absent a sell order, the transaction cannot be executed. It can, however, wait for a matching sell order, or can sometimes be rerouted to another exchange.

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Definitions:

Production Input

Any resource used in the creation of goods or services, such as labor, raw materials, and capital.

Croissants

A type of pastry of Austrian origin, which is made of a layered yeast-leavened dough, known for its crescent shape and flaky texture.

Production Factor

Inputs used in the production of goods or services in order to make an economic profit, including land, labor, capital, and entrepreneurship.

College

An institution of higher education offering undergraduate or graduate degrees.