Question

"Referring to the order to buy 100 shares for DW at $50.02, if a trade is not effected on this day, which statement is TRUE?"

Answer 1

Option A

Step-by-step explanation:

If the order is not executed by day, the order will be canceled by DMW or specialist. Option B is not correct because only DW can't cancel the order And Option C and D are not correct.

the order

Option A: the order will be canceled by DMM/specialist

Option B: The order will be canceled by DW securities

Option C: The order remains open on the specialist/DMM book for on more day

Option D: The order remains open on the specialist/DMM book until canceled