D)must deliver stock in 1 business day.Question 103 - #442737A hedge fund has contracted with your broker/dealer to handle all of its clearingfunctions and provide all back office support functions while it is executing transactionthrough numerous other broker/dealers whom your broker dealer will have agreementswith. This type of account is known asA)a numbered accountB)a prime accountC)a joint accountD)a custodial account Show Question 104 - #25038A customer wishes to buy 1 XYZ Jan 40 call and write 1 XYZ Jan 45 call. At the timethe order is placed, the options are trading as follows:Jan. 40 calls - 4.30 bid, 4.35 askJan. 45 calls - 2.25 bid, 2.30 askIf the transaction is effected at the market, the spread will be established at a: Get answer to your question and much more Question 105 - #25101Which of the following statements regarding index options are TRUE?I.Exercise is settled in cash.II.Exercise settlement value is based on the value of the index at the time exerciseinstructions are received.III.Exercise settlement value is based on the closing index value on the day exerciseinstructions are tendered.IV.Exercise settlement is regular way. Get answer to your question and much more Read Online (Free) relies on page scans, which are not currently available to screen readers. To access this article, please contact JSTOR User Support . We'll provide a PDF copy for your screen reader. With a personal account, you can read up to 100 articles each month for free. Get StartedAlready have an account? Log in Monthly Plan
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Log in through your institution journal article Duke Law Journal Vol. 1970, No. 4 (Aug., 1970) , pp. 707-746 (40 pages) Published By: Duke University School of Law https://doi.org/10.2307/1371663 https://www.jstor.org/stable/1371663 Read and download Log in through your school or library Alternate access options For independent researchers Read Online Read 100 articles/month free Subscribe to JPASS Unlimited reading + 10 downloads Journal Information The Duke Law Journal is published six times per year, in October, November, December, February, March, and April, at the Duke University School of Law. The journal is among the most prestigious and influential legal publications in the country. Edited by a student board, approximately one-third of each issue's contents consists of student notes dealing with current legal developments, with the remaining content being devoted to articles and comments by professors and practitioners. Generally one issue each year is devoted to administrative law and often another issue is in the form of a symposium. Publisher Information Duke Law School was established as a graduate and professional school in 1930. Its mission is to prepare students for responsible and productive lives in the legal profession. As a community of scholars, the Law School also provides leadership at the national and international levels in efforts to improve the law and legal institutions through teaching, research, and other forms of public service. Although Duke University is young by comparison to other major American universities, its academic programs and professional schools together have attained an international stature and a reputation for quality and innovation that few universities can match. Among the Law School's unique strengths are an extensive network of interdisciplinary collaboration across the Duke campus and an emphasis in teaching and research initiatives addressing global and international issues. Rights & Usage This item is part of a JSTOR Collection. Who has the responsibility for maintaining a fair and orderly market at the NYSE?NYSE DMMs stabilize and protect the capital of NYSE-listed companies. They are responsible for maintaining a fair and orderly market for listed securities of all sizes. They have much higher trading obligations than traditional market makers.
Who is responsible for regulating the stock market?SEC establishes rules that regulate the securities market
One of the most important responsibilities of the SEC is rulemaking. The SEC promulgates new rules that interpret and implement broadly written securities legislation.
Who are NYSE designated market makers?A DMM is responsible for maintaining quotes and facilitating buy and sell transactions. Market makers are sometimes making markets for several hundred of listed stocks at a time. Designated Market Makers on NYSE were previously known as specialists. DMMs provide a higher level of service compared to electronic trading.
Who is charged with maintaining a fair and orderly market in a particular security?The U. S. Securities and Exchange Commission (SEC) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets.
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Maintaining a fair and orderly market on the NYSE trading floor is the responsibility of
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