A Specialist on the NYSE

question 60

Multiple Choice

A specialist on the NYSE

• A)is obliged to fill limit orders if they are more favorable than the specialist's posted bid and ask quotes.
• B)is obliged to fill limit orders at the specialist's posted bid and ask quotes.
• C)is actually a computer program,not a human.
• D)is obliged to fill limit orders if they are more favorable than the specialist's posted bid and ask quotes,and is actually a computer program,not a human.

---

Definitions:

Contributory Negligence

A legal doctrine where a party's own negligence contributes to their harm or loss, potentially limiting or barring their recovery in a lawsuit.

Professional Defense

Legal and strategic protection for professionals against claims arising from their professional actions or conduct.

In Pari Delicto

is a legal doctrine that prevents a plaintiff who has participated in wrongdoing from recovering damages for loss resulting from the wrongdoing.

Good-Faith Exception

A legal doctrine allowing evidence collected in violation of privacy rights to be admitted in court if it was obtained by officers who reasonably believed their actions were legal.