Which of the following information must be shown on a municipal bond trade confirmation
What is required on a trade confirmation?
Trade confirmations contain key trade details. These include the date and time of the transaction, price at which you bought or sold a security and the quantity of shares bought or sold.
Which of the following must be disclosed or made available on agency trade confirmations?
In an agency transaction, the commission must be disclosed on the confirmation; the confirmation must also make available the name of the other party to the trade and the time of the trade.
Which of the following information is disclosed on an options confirmation I commission III settlement date IV expiration?
Which of the following information is disclosed on an options confirmation? The best answer is C. Disclosed on an options confirmation are the type of option; the expiration; the strike price; the execution price and any commission; the trade date and settlement date.
What is trade confirmation process?
Definition of ‘Trade Confirmation’
The process by which the two counterparties to a trade input their instructions to a central system which compares them and, if the instructions agree, confirms them and passes them on for settlement.
What is disclosed on a customer confirmation?
The confirmation must, among other things, disclose the date, identity, price, and number of shares bought or sold;12 the capacity of the broker-dealer;13 the net dollar price and yield of a debt security;14 and, under specified circumstances, the amount of compensation paid to the broker-dealer and whether payment for …
When must trade confirmations be delivered?
Each party to a transaction in mortgage-backed securities or asset-backed securities must prompt- ly deliver a confirmation of the transaction, in writing or, if agreed by the parties, electronically, to the other party within one business day following the trade date.
What is trade confirmation and affirmation?
Trade affirmation, Trade capture basically refers to alleging the trade i.e. the trade economics is agreed by both the Counterparties, and a general affirmation is exchanged between them. … But confirmation means to furthermore strengthen the trade by both the Counterparties.
What is trade validation and confirmation?
Trade validation – process of validating and registering the trade that has been entered. This involves compliance. Trade execution – agreeing to undertake a trade. This is a contractual agreement between you and the counterparty. Trade capture – trader must make sure the trade details are recorded.
Which of the following information must be included on a customer confirmation?
Finally, the customer name, account number, size of the trade, and price of execution must all be on the CONFIRMATION.
Which of the following information must be included on a customer confirmation quizlet?
The customer name, account number, size of the trade, price of execution, and any commission charged must all be on the confirmation.
Does trade confirmation mean settled?
A trade confirmation is the printed notification of a securities transaction. A confirmation must be sent to a customer on or before the completion of a transaction. The completion of a transaction is considered to be the earlier of the settlement date or the date when the buyer and seller exchange cash and securities.
Which of the following information must be recorded on an executed order ticket?
Which of the following information MUST be recorded on an executed order ticket? The best answer is D. Time of order receipt is recorded on the order ticket, as is time of order execution, assuming that the order was filled (which is the case here).
Which information is not required to be recorded on executed order tickets quizlet?
Which information is NOT required to be recorded on executed order tickets? Order tickets must document the time of order receipt and time of order execution. The price of the security at the time of order receipt is not relevant. The price of execution, if the order is executed, must be recorded on the order ticket.
What is a 10b 10 confirmation?
Rule 10b-10 requires broker-dealers to send customers a written confirmation on or before the completion of a transaction. It also prescribes the type of information required to be displayed on securities confirmations. This information varies with the circumstances of the transaction and the type of security.
What must be included on a sell order ticket?
The registered rep’s identification number. The customer’s account number. The description of the security (stocks, bonds, symbol, and so on) The number of shares or bonds that are being purchased or sold.
Which of the following orders must be retained as a record by broker-dealers?
All orders placed by customers with a broker-dealer, whether executed, unexecuted or canceled, must be retained as a record by broker-dealers.
Which of the following is not required on a customer’s order ticket?
Which of the following is NOT required on a customer’s order ticket? The customer’s investment objective is not required on order tickets.
What are trade tickets?
A stock trading ticket is a form that confirms that a securities trade has been executed. … Informally known as deal tickets, trading tickets are required by the Securities and Exchange Commission. Stock trading tickets provide all the details of a stock transaction that you need for recordkeeping and tax purposes.
What is an order ticket in trading?
An Order Ticket allows you to submit orders for contracts in a Market Grid, including the exchange and instrument name, order price and quantity, trading account, order type, and time-in-force.
What is a trade ticket fee?
Options trades are commission-free, but they still carry a contract charge, which is $0.50 per contract. For TS Select, costs rise to $0.60 per contract. Per-contract pricing is $1 per option contract (one contract minimum).
What does not held mean in trading?
What Is a Not-Held Order? A not-held order, usually a market or limit order, gives a broker both time and price discretion to get the best price available. As a result, the broker is not held responsible for any potential losses or missed opportunities that result from their best efforts.