Which one of the following statements related to the NYSE is correct?
A)Commission brokers work on behalf of brokerage firm clients.
B)Shareholders of NYSE Group, Inc. own "seats" on the exchange.
C)Specialists buy at the asked price.
D)The NYSE is primarily a dealer's market.
E)Floor brokers earn income in the form of a bid-ask spread.

Question

Quizplus · Accepted Answer

Commission brokers indeed work on behalf of brokerage firm clients, executing buy and sell orders on the New York Stock Exchange (NYSE). They act as agents for clients, trying to get the best price possible.

Which One of the Following Statements Related to the NYSE