NYSE General Exchange Rules for Brokers & Dealers - Quiz & Worksheet


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question 1 of 3

According to NYSE rules, which of the following actions is a trader on the floor of the exchange NOT prohibited (allowed) to conduct?

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1. According to NYSE rules, which of the following is NOT an encouraged action of a designated market maker (DMM)?

2. A customer wants to buy 15 shares of Stock ABC. A dealer wants to buy 10 shares of Stock ABC. There are current;y two sellers on the market. One investor is selling 10 shares for $10 per share and the other investor is selling 10 shares for $11 each. According to NYSE rules, which of the following are the correct actions for the dealer to take?

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About This Quiz & Worksheet

Designed to monitor what you know about dealer and broker rules for NYSE customer transactions, access these questions now. To pass, use your memory of an action allowed on the floor by traders and something that is not a key goal of NYSE's trading rules.

Quiz & Worksheet Goals

Evaluate your understanding of these areas by using the quiz:

  • An action not encouraged for a designated market maker
  • One action allowed on the floor of the exchange under NYSE rules
  • Correct action a dealer should take when they and a customer want to buy shares of the same stock
  • Major aim of NYSE's trading rules
  • Action a broker or dealer can conduct under NYSE rules

Skills Practiced

Find out how well you use these skills:

  • Information recall - access the knowledge you've gained regarding a designated market maker action that is not encouraged
  • Knowledge application - use your knowledge to answer a question about actions dealers should take when they want to buy the same stock as their client
  • Interpreting information - verify that you can read information about a major goal of NYSE's trading rules and interpret it correctly

Additional Learning

NYSE Customer Order & General Exchange Rules for Brokers & Dealers can help you learn more details about this topic. This information is in the lesson:

  • Definition of market manipulation
  • Trading out of a personal account as an investment advisor
  • Use of designated market makers