Stock Exchange Trading Systems: Key Information for CTFA Exam Preparation

Which Trading Systems Are Used by the Stock Exchange?

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Question

Which of the following trading systems is used by the Stock Exchange?

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Explanations

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A. B. C. D.

C

The correct answer is not provided among the options presented. The trading system used by the Stock Exchange depends on the specific exchange in question.

There are many different stock exchanges in the world, and each exchange typically has its own proprietary trading system. These trading systems are designed to facilitate the buying and selling of securities, such as stocks and bonds, between investors.

For example, the New York Stock Exchange (NYSE) uses a trading system called the NYSE Pillar Trading Platform. This system was designed to replace the exchange's legacy trading platforms and to offer investors greater speed, flexibility, and transparency.

Similarly, the Nasdaq Stock Market uses a trading system called Nasdaq Genium INET. This system is designed to provide high-performance trading capabilities and to support a wide range of financial instruments, including stocks, options, and futures.

Other major stock exchanges around the world, such as the Tokyo Stock Exchange, the London Stock Exchange, and the Shanghai Stock Exchange, also have their own proprietary trading systems.

In summary, the answer to this question cannot be determined from the options presented, as the trading system used by the Stock Exchange varies depending on the specific exchange in question.