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Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section14.4: Buying And Selling Stocks
Problem 2CC
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I don’t understand
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5. Orders for a stock trading system are coded as follows from
left to right
1. The first character is "B" for a "buy" order "S" for a "sell"
order
2. The number of shares to buy and sell
3. The stock ticker symbol in all uppercase letter for a "buy"
order or all lowercase letters for a "sell" order
4. If the order is a "limit" order with a specific buy sell price,
the requested price in pennies otherwise the price should
be omitted and the order will be a market order at the
current asking price for the stock
5. If the order is a "limit" order with an expiration time, the
character "T" followed by the number of minutes until the
order expires and should no longer be executed
Note that the order code may only contain letters and
numbers. It may not include comma, hyphen. Etc.
Gma
What would trage oge pegfor alinoted-prder to buy 10000
Transcribed Image Text:zed.docx Open with 5. Orders for a stock trading system are coded as follows from left to right 1. The first character is "B" for a "buy" order "S" for a "sell" order 2. The number of shares to buy and sell 3. The stock ticker symbol in all uppercase letter for a "buy" order or all lowercase letters for a "sell" order 4. If the order is a "limit" order with a specific buy sell price, the requested price in pennies otherwise the price should be omitted and the order will be a market order at the current asking price for the stock 5. If the order is a "limit" order with an expiration time, the character "T" followed by the number of minutes until the order expires and should no longer be executed Note that the order code may only contain letters and numbers. It may not include comma, hyphen. Etc. Gma What would trage oge pegfor alinoted-prder to buy 10000
I.docx
Open with
Note that the order code may only contain letters and
numbers. It may not include comma, hyphen. Etc.
What would the code be for a limited order to buy 10000
shares of Alcoa stock (ticker symbol: AA) at $9.00 a
share but only if the order can be filled within the next 2
hours?
Transcribed Image Text:I.docx Open with Note that the order code may only contain letters and numbers. It may not include comma, hyphen. Etc. What would the code be for a limited order to buy 10000 shares of Alcoa stock (ticker symbol: AA) at $9.00 a share but only if the order can be filled within the next 2 hours?
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