Question

If a subscriber wants to buy a stock through an ECN with no sell order, the...

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.

True or False

0 0
Add a comment Improve this question Transcribed image text
Answer #1

FALSE will be the answer

this order can not be executed as there are no sell orders

Add a comment
Know the answer?
Add Answer to:
If a subscriber wants to buy a stock through an ECN with no sell order, the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Sometimes a company may buy back its own stock in order to reissue it to employees...

    Sometimes a company may buy back its own stock in order to reissue it to employees as part of compensation. True False

  • 10. General Consider the following limit order book for a share of stock. The last trade...

    10. General Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $50. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $49.75 600 $50.25 200 49.5 2000 50.5 1000 49.25 5000 51 300 49 300 55.5 800 48.5 1000 10a. Is the limit-order book bullish or bearish now? Please explain in one sentence. 10b. If a market buy order for 600 shares comes in, what is...

  • 100 points If you place an order to buy or sell a share of a mutual...

    100 points If you place an order to buy or sell a share of a mutual fund during the trading day, the order will be executed at O the NAV calculated at the market close ot 4 pm New York time O the real tume NAV O the NAV delayed 15 minutes O the NAV calculated at the opening of the next day's trading References Learning Objective:04-02 Contrast open-e investment trusts, hedge funds and excha Multiple Choice Difficulty: 2 Medium...

  • For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar....

    For Stock A, which is traded in a dealer market, the bid-ask spread is 1 dollar. A buy-market order is executed at 60 dollars. A. Will a limit-sell order of 60.5 be executed? If so, in what price? B. Will a limit-buy order of 59.5 be execeuted? If so, in what price? C. Will a market-sell order be executed? If so, in what price?

  • Draw sequence diagram for Buy a book: A user wants to buy a book. In order...

    Draw sequence diagram for Buy a book: A user wants to buy a book. In order to do so, the buyerlogs into the system, selects the desired books, adds them to order, and checkouts. The system performs necessary activities, such as validating and confirming payment of the user, updating the stock level, and preparing to ship the items to the user. 2a. Describe at least one alternative sequence of interaction, and explain your reason for using the sequence that you...

  • Any help is appreciated! Problem 1 Assume that the limit order book is as shown in...

    Any help is appreciated! Problem 1 Assume that the limit order book is as shown in the table below. 1) What is the bid-ask spread in cents and basis points of the mid price? 2) If you buy 100 shares with a market order, an immediately sell them also with a market order, what is your P&L? 3) A limit order to buy 150 shares at $34.50 arrives in the market. What transactions occur, and what is the resulting bid-ask...

  • Even though a company sets a limit on the number of shares it will sell, before...

    Even though a company sets a limit on the number of shares it will sell, before selling any of them, the company must receive authorization to market the shares from the Securities and Exchange Commission (SEC). True or False There are two major markets for the sale of stock: the primary market and the secondary market. True or False Informational efficiency has to do with the speed and accuracy of processing a buy or sell order at the best available...

  • The following orders exist for a particular stock: 1. Limit order: Buy 100 shares at 100.00...

    The following orders exist for a particular stock: 1. Limit order: Buy 100 shares at 100.00 2. Limit order: Sell 100 shares at 102.00 3. Limit order: Buy 100 shares at 99.00 4. Sell stop order: Sell 100 shares at 97.50 on Stop The quoted price for the stock proceeds as follows:          101 at 102          101.50 at 102.50          100 at 101          99 at 100          98 at 99          96 at 97 For each order above:...

  • An uncle of yours who is about to retire wants to sell some of his stock...

    An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with income of $11,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost him to buy such an annuity today? Select the correct answer. a. $133,113.59 b. $133,122.49 c. $133,149.19 d. $133,131.39 e. $133,140.29

  • Options: 1. market; stop-loss; limit 2. sell; buy You sell 200 shares of a stock short...

    Options: 1. market; stop-loss; limit 2. sell; buy You sell 200 shares of a stock short for $46 per share. You want to limit your loss on this transaction to no more than $1,300. What order should you place? You should place order to 200 shares at s(Choose the correct answer from each drop-down menu and round to the nearest dollar.)

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT