n NISM Certifications
VII NISM Series VII
Medium

Trade cancellations, in the exchange-traded market, are ______.

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

Options

  1. A

    Very common

  2. Rare

    Correct answer

  3. C

    Not possible

  4. D

    Not required

Why this is the answer

Trade cancellations are infrequent and allowed only with mutual consent and exchange approval, usually due to errors.

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