A Crowd of Floor Traders on the NYSE

question 84

Multiple Choice

A crowd of floor traders on the NYSE

• A)may arrive at a more favorable price for their clients "inside" the specialist's bid and ask quotes.
• B)are obliged to execute their trades through a specialist.
• C)are allowed to "front run" their own trades ahead of customer trades.
• D)all of the options

---

Definitions:

Nonresident Alien

An individual who is not a U.S. citizen or resident but may have tax or legal obligations in the U.S. based on income or presence.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and obligations.

Statement of Purpose

A written document outlining an individual's intentions and objectives in a specific context, often used in academic and professional settings to explain motivations and goals.

Corporate Bylaws

Internal rules governing the operation of a corporation, detailing the rights and responsibilities of the directors, officers, and shareholders.