CFA Practice Question

CFA Practice Question

Which of the following is not correct?
A. Competing dealers on the London Stock Exchange have their offices located in the stock exchange.
B. The trading mechanism in Tokyo Stock Exchange is a price-driven system with traders submitting bid and ask prices.
C. NYSE, while being a continuous market (trades may occur at any time the market is open), also employs a call-market mechanism (bids and asks gathered together and attempt made to arrive at a price) at specific times such as open and trading suspensions.
Explanation: LSE is similar to the NASDAQ, pricing is done by dealers who communicate by computers and are geographically spread out.

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