- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 36. Market Organization and Structure
- Subject 7. Secondary Security Market and Contract Market Structures
CFA Practice Question
If trades can be arranged only when the market is open, such a market is called a ______.
A. call market
B. put market
C. order-driven market
Explanation: Matching buyers and sellers in call markets is easy because the traders (or their orders) come together at the same time and price.
User Contributed Comments 4
| User | Comment |
|---|---|
| czar | order driven orders are also placed once the market is open. Call markets accept orders at 'specific' times...please can someone explain as to why not Order driven? |
| hoyleng | order driven mkt is continuous mkt |
| bidisha | Is NYSE call market or Order driver? |
| krispy4 | Trades can only take place in an order driven market when the markets are open as well! |