n NISM Certifications
VII NISM Series VII
Medium

A trade is considered executed once the order is ______.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Settled

  2. Matched

    Correct answer

  3. C

    Cleared

  4. D

    Entered

Why this is the answer

Execution occurs when an order is matched with a counter-order. Trade confirmation messages are automatically generated to inform the broker and client.

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