Series 4

By Jeff Van Blarcom AAA

The Options Market Place - Order Execution

Most customer orders, which are market orders or executable limit orders, will be routed electronically to the trading post for automatic execution. The electronic system bypasses the firm’s commission house broker, the order is executed automatically, and an execution report is sent back to the brokerage firm. The more complex orders will be handled by the firm’s commission house broker. A member firm may not execute an order for a listed option off the floor of the exchange unless it has tried to execute the order on the floor and a better price is available in another trading venue.



Series 4 textbooks



Types Of Orders
Related Articles
  1. Several things factor into the salary of a financial advisor. Here's a look.
    Investing Basics

    How Much Does A Financial Advisor Earn?

  2. Interested in becoming a certified public accountant? Here's what you need to know about the CPA exam.
    Investing Basics

    The CPA Exam: What You Need To Know

  3. If you've ever wondered what it takes to earn the CPA designation, here's your answer. Be prepared for lots of studying and lots of testing.
    Investing Basics

    How To Become A CPA

  4. Stock Analysis

    The Death Of The Glamour Stock

  5. The Internal Revenue Service's new 2015 contribution limits for tax-deferred savings plans are higher; here's what you and your clients should know.
    Investing Basics

    New 2015 Contribution Limits: Advisors ...

Trading Center