Series 55 Exam Question

Here is a great series 55 exam question regarding the many different types of orders that can be placed in the NASDAQ Market Center Execution System:




After being posted to the NASDAQ book which of the following orders will reroute to other market centers ?



(A) Inter market sweep order / ISO

(B) Price to comply order

(C) Reactive electronic STGY order

(D) Scan order



(C) After being posted to the NASDAQ book reactive electronic STGY orders will reroute to other market centers if quotes from other market centers would allow the order to be executed.



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