Investments
11th Edition
ISBN: 9781259277177
Author: Zvi Bodie Professor, Alex Kane, Alan J. Marcus Professor
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 3, Problem 3CP
Summary Introduction
To select: The correct option.
Introduction: The specialist on the New York Stock Exchange helps to maintain the equilibrium in the market by performing the different role such as auctioneer, catalyst and agent.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Specialists on the New York Stock Exchange do all of the following except:a. Act as dealers for their own accounts.b. Execute limit orders.c. Help provide liquidity to the marketplace.d. Act as odd-lot dealers.
Transactions involving buying and selling securities are conducted through stockbrokers, who are also known as account executives or financial consultants. When choosing a stockbroker, investors have three primary options: full-service brokers, discount brokers, and online brokers.
Brokers who offer a complete array of services such as advisory services along with executing client’s transactions are called .
While some brokers still operate exclusively in person or online, the distinction between the three types has become increasingly over the years. The chart that follows shows fees imposed by different discount brokers; as you can see, of them offer both online and broker-assisted trades.
Broker
ShareCo
AmeriTrading
TradeBuilder
ShareFunder
eExchange
Commission for Online Trades
Market Order Price
$7.95
$9.99
$7.95
$9.95
$9.99
Limit Order Price
$7.95
$9.99
$7.95
$9.95
$9.99
Commission for Broker-Assisted Trades…
It safeguards the investing public against losses in case of fraud, failure or insolvency of brokers and dealers who are members of the exchange.
a. alert levels
b, Phil. Stock Exchange
c. Securities Investor Protection fund Inc.
d. Dow Jones Industrial Average
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Similar questions
- Typically, shares of stock are stored in the vault of the brokerage firm and you, as owner, will not take physical possession. Under these circumstances the brokerage firm is the and you are the A. street owner; settlement owner B. settlement owner; street owner C. owner of record; beneficiary owner D. beneficiary owner; owner of recordarrow_forwarddescribe the duty of a stock broker (trader) who is acting as an agent on behalf of a principal (client) in terms of managing the client's account. Bear in mind the duty of loyalty that an agent has to the principal.arrow_forwardICICIDirect is the first service in India to provide complete end-to-end integration for seamless electronic trading on the stock exchanges. This service will enable the user to tie- in his trading bank account and his demat account to your brokerage account electronically.This integration of brokerage ,demat and bank accounts ensures that money is transferred to/from the user bank account and the shares are transferred from/to his demat account automatically without any paperwork.ICICIDirect keeps track of the transactions ,the settlement dates, and stock exchange rules.How is the web in this case enhances the convenience of customers ?Derive the business model of ICICIDirect in this case.arrow_forward
- Classify the following users of information as either: I—internal user T—external user: trading partner S—external user: stakeholder a. Internal Revenue Service b. Inventory control manager c. Board of directors d. Customers e. Lending institutions f. Securities and Exchange Commission g. Stockholders h. Chief executive officer i. Suppliers j. Bondholdersarrow_forwardICICIDirect is the first service in India to provide complete end-to-end integration forseamless electronic trading on the stock exchanges. This service will enable the user totie- in his trading bank account and his demat account to your brokerage accountelectronically. This integration of brokerage,demat and bank accounts ensures thatmoney is transferred to/from the user bank account and the shares are transferredfrom/to his demat account automatically without any paperwork.ICICIDirect keeps trackof the transactions, the settlement dates, and stock exchange rules.How is the web in this case enhances the convenience of customers? Derive the businessmodel of ICICIDirect in this case.arrow_forwardAny person or entity engaged in the business of buying and selling securities for his own or its client’s account thereby making a profit from the difference between the purchase prices and selling price of securities. Investment Bank Brokers Commercial Bank Philippine Stock Exchange Inc.arrow_forward
- Correspondent banking may involve Select one: a. Providing banking services to other banks facing shortage of staff. b. Acting as transfer and disbursement agents for pension funds. c. Providing foreign exchange trading services to individuals. d. Providing hedging services to corporations. e. Holding and managing assets for individuals or corporations.arrow_forwardChoose the correct.The Securities Exchange Act of 1934:a. Regulates the public trading of previously issued securities through brokers and exchanges.b. Prohibits blue sky laws.c. Regulates the initial offering of securities by a company.d. Requires the registration of investment advisersarrow_forwardThe Securities Exchange Act of 1934a. Regulates the public trading of previously issued securities through brokers and exchanges.b. Prohibits blue sky laws.c. Regulates the initial offering of securities by a company.d. Requires the registration of investment advisers.arrow_forward
- Incorporate the following data into Bank X's revenue statement. Each item should be labelled and placed in the proper category and order. Commission ,exchange and brokerage received.Income on InvestmentsInterest paid on depositsPayments to and provisions for employeesInterest paid on BBI/ interbank borrowingsInterest/discount received on advances/billsIncome from leasing/hire purchaseInterest paid-othersProfit on exchange transactionsRent, taxes, lightingInsuranceLaw chargesProfit on sale of land, buildings and other assetsMiscellaneous incomeAuditor’s fees and expensesPrinting and stationaryProfit on sale of investmentsDepreciation on bank’s propertyIncome by way of dividends and subsidiariesAdvertisement and PublicityInterest earned – othersDirector’s fees, allowances and expensesMiscellaneous incomeRepairs and maintenanceOther expensesPostage, telegram, telephone and other communication expensesInterest received on balances with RBI and interbank funds.arrow_forward7. According to the 1934 Securities Act, select ALL who must certify the quarterly and annual financial statements for a company. a. The chief executive officer of the company b. An external auditor hired by the company c. The chief financial officer of the company С. d. A representative of the Securities and Exchange Commission (SEC) 8. Select ALL of the following that are required in a proxy statement. a. How the proxy materials will be sent b. How much is expected to be spent on the solicitation c. Who the shareholders for the proxy are Od. Who is soliciting the proxyarrow_forward9) Which of the following is used extensively in dealer funding, customer financing and matched-book trading? a. Repurchase Agreements b. Certificate of Deposits c. Commercial Papers d. Treasury Billsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- EBK CONTEMPORARY FINANCIAL MANAGEMENTFinanceISBN:9781337514835Author:MOYERPublisher:CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:9781337514835
Author:MOYER
Publisher:CENGAGE LEARNING - CONSIGNMENT
Stock Market Index Definition (BEGINNER FRIENDLY EXPLANATION!); Author: It's Your Girl Rose;https://www.youtube.com/watch?v=LxI12aUaabc;License: Standard Youtube License