What is a price-driven trading system?
What will be an ideal response?
Answer: A trading system may be order driven or price driven. What distinguishes a price drive system is the dealers who act as market makers for certain stocks. They stand ready to buy at a bid and sell at an ask price. The NASDAQ in the U.S. is an example of a price driven trading system.
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The authority for the formation of LLCs comes from:
A) Federal statutes. B) State statutes. C) Federal administrative regulations. D) Federal court decisions. E) State court decisions.
What would be the annual compound return on a stock purchased at $20 per share, held for 5 years, and sold for $32.22?
Ignore brokerage commissions and tax implications and assume the stock paid no dividends during the holding period. Round to the nearest whole percent if necessary. A) 3% B) 10% C) 15% D) 16%