Chapter 10 Part 5 Flashcards

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1
Q

All trades of listed securities are reported on the

A

consolidated tape system and shown on the ticker tape.

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2
Q

Network A of the Tape reports trades of

A

New York Stock Exchange listed securities

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3
Q

Network B shows trade information for

A

American Stock Exchange issues and those listed on regional exchanges

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4
Q

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

A

“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”

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5
Q

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

A

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

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6
Q

For trades involving 200 to 9,900 shares, the

A

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

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7
Q

Trades involving 10,000 or more shares are

A

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.

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8
Q

10-share trading units are indicated by the symbol

A

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

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9
Q

When multiple trades are reported sequentially on the same security

A

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

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10
Q

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

A

SLD will follow the stock symbol

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11
Q

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

A

OPD

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12
Q

Preferred Stock

A

Pr

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13
Q

Warrant

A

Wt

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14
Q

right

A

Rt

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15
Q

A buy stop-limit order is entered

A

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

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