以下是引用wzaina在2009-3-5 9:37:00的发言：
LOS b: Differentiate between an order-driven market and a price-driven market, and explain the risks and advantages of each.
Q1. Which of the following is NOT a characteristic of an order-driven market?
A) Automated price quotations by market makers.
B) Centralized order book to match orders.
C) Liquidity is provided at the lowest cost.
Q2. Which of the following American stock exchanges is a combination of order-driven and price-driven system?
A) New York Stock Exchange (NYSE).
B) Chicago Board of Trade.
C) NASDAQ National Market System.
Q3. One of the major benefits to investors who execute trades through an order-driven system is:
A) best price execution.
B) liquidity at the lowest cost.
C) market makers who stand ready to buy and sell at listed prices.
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发表于 2009-5-18 14:23
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