Which of the following about futures orders is incorrect?
A) The order generally specifies whether it is a buy or sell order.
B) The order specifies the type of contract and the delivery month.
C) The orders are put into the trading system on the basis of size details any price restrictions.
D) The order specifies the time limit on the order.

Question

Quizplus · Accepted Answer

Futures orders are placed into the trading system based on price and time priority, not size details or any price restrictions. This means that orders are executed in the order they are received at the best available price, rather than being organized by the size of the order or specific price limits set by the trader.

Which of the Following About Futures Orders Is Incorrect