5 step stock transaction
Ace your homework & exams now with Quizwiz!
2
A clerk for the firm signals the transaction to a floor broker on the stock exchange floor.
1
account executive receives your order to sell stock and order is sent to brokerage firms representatives at the stock exchange.
3
broker goes to the trading post at which this specific stock is traded
4
broker signals transaction back to clerk
5
sale papers on board and a conformation is relayed back to your account executive who notifies you of the completed transaction.
