Saturday, June 30, 2012

Old School Trivia Question - S24 License Exam Manual.

In addition to market, limit, and stop orders, all of the following orders may be entered into Nasdaq EXCEPT:
A) preferenced orders.
B) nondirected orders.
C) directed orders.
D) unpreferenced orders.
View Answer and Explanation
Answer: D
The three types of orders that may be entered into Nasdaq are nondirected, preferenced, and directed. Unpreferenced orders were part of the SOES trading system that was replaced by Single Book.

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