CFA Practice Question
In securities exchange markets, a member who executes stop-loss or stop-buy orders when the specified price occurs is most likely a ______.
A. registered trader
B. commission broker
C. specialist
Explanation: The specialists (market makers) have two major functions. They act as brokers to match buy and sell orders, including special (stop-loss or stop-buy) orders.
User Contributed Comments 1
| User | Comment |
|---|---|
| lordutra | nowadays, they're called designated market-makers! |