What should be done when a voice broker calls "off" at the very instant the dealer hits the broker's price as "mine" or "yours"?
A) The transaction should be concluded and the broker should inform both counterparties accordingly.
B) The dealer who hits the broker's price may decide whether the deal is done or not; the broker should inform both counterparties accordingly.
C) The deal should not be concluded and the broker should inform both counterparties accordingly.
D) The broker should immediately inform both counterparties that the deal will have to berenegotiated.

Question

Quizplus · Accepted Answer

If the voice broker calls "off" at the moment the dealer hits the broker's price, it indicates that the broker was no longer able to transact at that price. Therefore, the deal should not be concluded, and the broker should inform both counterparties accordingly. It may be necessary to renegotiate the terms of the deal or find a new price level that works for all parties involved.

What Should Be Done When a Voice Broker Calls "Off