Lecture 2 Flashcards
The PEG ratio adjusts the ___ for ___.
PE ratio for earnings growth
The expected ___ yield is the inverse of the ___.
Expected earnings yield, forward PE ratio
Regulation NMS had the effect of (1) trade ___ and (2) promoting ___ competition.
Trade throughs, promoting exchange competetion
In 2008, the NYSE transformed specialists into ___.
DMM (designated market makers)
DMMs have accountability for providing ___.
Liquidity
DMMs will provide price ___, and match incoming orders based on a new ___ schedule.
Improvement, capital commitment
SLPs are ___ ___ ___.
Supplemental Liquidity Providers
SLPs are obligated to maintain a bid or offer at the ___.
NBBO (Nat’l Best Bid or Offer)
(True/False) A member organization can act as a Designated Market Maker and SLP in the same security.
False
Internalized trades are filled by a ___ without exposing the trade to ___.
Dealer, the entire marketplace
Internalized trades do not violate SEC rules about time priority because they ___.
Provide price improvement
The SIP is the ___.
Securities Information process
The SIP for the NYSE is Tape ___.
Tape A/B
The CQS for the NASDAQ is Tape ___.
Tape C
An NYSE staff committee assigns each SLP a ___.
A cross section of NYSE-listed securities
