n NISM Certifications
VII NISM Series VII
Medium

Any trade cleared and settled without the participation of a clearing corporation is called ___________.

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stop Loss Trade

  2. B

    Market Trade

  3. Off Market Trade

    Correct answer

  4. D

    Private Trade

Why this is the answer

Off-market trades are executed without a clearing corporation and typically involve institutional deals, private transfers, or client-sub-broker transactions.

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