In Recent Years, Trading in Secondary Markets Has Increasingly Become

question 79

Multiple Choice

In recent years, trading in secondary markets has increasingly become a function of

• A)securities exchanges.
• B)dealer markets.
• C)technology that by-passes both brokers and dealers.
• D)broker-dealer markets using consolidated venues and technologies.

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Definitions:

Registered

This can refer to securities, companies, or assets that have been officially recorded and recognized by regulatory authorities.

Premium

The amount by which the price of a financial instrument or commodity exceeds its principal or face value, or the amount paid for an insurance policy.

Coupon Rate

The yearly rate of interest that the entity issuing a bond pays to its investors, typically shown as a portion of the bond's nominal value in percentage terms.

Ask Price

The ask price is the lowest price a seller is willing to accept for a security, commodity, or currency in financial markets.