Securities Industry Essentials SIE · Flashcards · Recall
SECURITIES INDUSTRY ESSENTIALS SIE · FLASHCARDS
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QUESTION
What does "principal" capacity mean in a securities transaction?
QUESTION
What does time-in-force instruction "FOK" (fill or kill) mean?
QUESTION
What is a trailing stop order?
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ANSWER
A stop order with a stop price that moves by a set amount as the market moves. Trailing stops adjust dynamically with favorable market movements, locking in gains while allowing for potential upside.