Chapter 10 Part 5

Question 1

All trades of listed securities are reported on the

Answer 1

consolidated tape system and shown on the ticker tape.

Question 2

Network A of the Tape reports trades of

Answer 2

New York Stock Exchange listed securities

Question 3

Network B shows trade information for

Answer 3

American Stock Exchange issues and those listed on regional exchanges

Question 4

All exchange-listed securities are assigned a letter symbol. Those trades reported on Network A identify the market on which the trade took place. If no symbol appears, the trade occurred on the

Answer 4

“New York Stock Exchange. The other market symbols used are: B =Boston; C = National (formally Cincinnati); M =Chicago; P =Pacific; X = Philadelphia; T =Over-the-Counter (Third Market)
0 =Other”

Question 5

Volume Representation Transactions involving one round lot (100 shares) require

Answer 5

no volume representation. Only the stock symbol and price are reported. STC 45.50

Question 6

For trades involving 200 to 9,900 shares, the

Answer 6

number of round lots is indicated. This number is separated from the price by the letter s. STC 15s45.50. 1500 shares of stc traded at 45.50

Question 7

Trades involving 10,000 or more shares are

Answer 7

not displayed based on the number of round lots. A trade for 10,000 shares ofSTC would be shown as 10.000s on the Tape. STC 12.000s45.50. 12,000 shares of STC traded at 45.50.

Question 8

10-share trading units are indicated by the symbol

Answer 8

s. The number of 10-share lots will be indicated. STCpr s 15s45.50. 150 shares of STCpr traded at 45.50.

Question 9

When multiple trades are reported sequentially on the same security

Answer 9

the whole number portion of the price is dropped. Only the decimal unit and volume representation are printed. Consecutive trades are sometimes separated by a dot. STC 45.25 .25 5s .13. 100 shares of STC traded at 45.50,follorved by 100 shares at 45.25,followed by 500 shares at 45.13

Question 10

If a trade is reported out of its proper sequence, the symbol

Answer 10

SLD will follow the stock symbol

Question 11

If the initial transaction on a security is delayed, the delayed opening is indicated by the symbol

Answer 11

OPD

Question 12

Preferred Stock

Answer 12

Pr

Question 13

Warrant

Answer 13

Wt

Question 14

right

Answer 14

Rt

Question 15

A buy stop-limit order is entered

Answer 15

above the market. Should the market rise to the stop-limit price, the order will be activated and become a limit order to buy at the specified price or better