Series 7 - General Securities Representative Exam
Preview Mode
Records for every order entered in an Alternative Trading System for security futures must included all of the following EXCEPT
The designation of the order as a buy or sell order
A
The time limit during which the order is in force
B
The designation of the order as a market order, limit order, stop order, stop limit order or other type of order
C
The CUSIP or other unique identification for the bond
D
Explanations
The ATS is for security futures; not for bonds. A. The designation of the order as a buy or sell order, B. The time limit during which the order is in force & C. The designation of the order as a market order, limit order, stop order, stop limit order or other type of order MUST be included on the records for each order