n NISM Certifications
VII NISM Series VII
Medium

All orders entered into the trading system of the ______ are matched with similar counter orders and executed.

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

Options

  1. A

    Broker

  2. B

    Professional Trading Member

  3. C

    Depository Participant

  4. Exchange

    Correct answer

Why this is the answer

Orders entered into the Exchange trading system are matched with counter orders and executed on a price-time priority basis, ensuring the best price orders are matched first.

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NISM Series VII Mock Test 6