Series 24 -- Trading and Market Making Flashcards
NYSE REG – before orders are crossed, must be offered to crowd at ____ above the current bid.
1 cent
NYSE Rule 127 defines a block of stock as at least ___ shares or $____ or more
10,000 shares, $200,000.00
NYSE Market on close (MOC) orders, unless there is an imbalance, cannot be entered after ___:_____
3:45PM
Delisting requires approval of Board of Directors and form ___ filing with ___.
Form 25, SEC
A security is considered delisted ___ days after filing.
10 Days
OTC EQUITY – an OTC equity security is generally considered to be any equity security that is not ____ stock traded on a ________
NMS, National Securities Exchange
NASDAQ listings are _______ and ________equivalent securities.
equity and equity equivalent securities
NASDAQ min bid price of ____ per share Global Select Market listing.
$4
NASDAQ listing ____ round lot shareholders.
400
NASDAQ MM Registration - Application ___ upon approval
effective
NASDAQ MM Registration – Must enter quotes within ___ business days
5
NASDAQ MM Registration – Excused withdrawl for cause, requires ___ Approval
NASDAQ
NASDAQ MM Registration – Voluntary termination for NASDAQ and ADF market makers requires ____ day wait before re-registration.
20 business day
VWAP – considers ____ of shares traded at each ___ level to determine average
number of shares, price level
VWAP computed by ___ divided by the number of shares traded
total dollar value traded
SHORT INTEREST REPORTING – reported ___ monthly for short positions in both ___ and ___ accounts
twice, customer and proprietary