BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

OFFICE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
On the stock exchange, an automatic trading system is implemented which is known as ____
A
Capital gain
B
The Jakarta automated trading system
C
Automated teller machine
D
Automated company
Explanation: 

Detailed explanation-1: -Automated trading systems-also referred to as mechanical trading systems, algorithmic trading, automated trading or system trading-allow traders to establish specific rules for both trade entries and exits that, once programmed, can be automatically executed via a computer.

Detailed explanation-2: -The NSE trading system called ‘National Exchange for Automated Trading’ (NEAT+) is a fully automated screen based trading system, which adopts the principle of an order driven market.

Detailed explanation-3: -An automated trading system (ATS), a subset of algorithmic trading, uses a computer program to create buy and sell orders and automatically submits the orders to a market center or exchange.

Detailed explanation-4: -Understanding the Designated Order Turnaround (DOT (SuperDOT)) Designated order turnaround is an order routing system formerly used by the New York Stock Exchange (NYSE) in which orders are sent directly to a specialist on the trading floor, thus bypassing the broker.

There is 1 question to complete.