A Crowd of Floor Traders on the NYSE

question 79

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 above

---

Definitions:

Security Price

The cost or value at which a financial security is bought and sold in the marketplace.

New Information

New information refers to previously unknown data or knowledge that becomes available, influencing decisions, behaviors, or outcomes in various contexts like markets, research, or daily activities.

Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, issued at a discount to face value.

Inflation

A measure of the rate at which the general level of prices for goods and services is rising, eroding purchasing power.