Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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35) Orders for a stock trading system are coded as follows from left to right:

i. The first character is 'B' for a "buy" order, 'S' for a "sell" order

ii. The number of shares to buy or sell

iii. The stock ticker symbol in all uppercase letters for a "buy" order or alf lowercase letters for a "sell" order

iv. If the order is a "limit" order with a specific buy/sell price, the requested price in pennies, otherwise the price should be omitted and the order will be a market order at the current asking price for the stock

v. If the order is a "limit" order with an expiration time, the character 'T' followed by the number of minutes until the order expires and should no longer be executed

 

Note that the order code may only contain letters and numbers. It may not
include comma, hyphen, etc.
What would the code be for a limit order to sell 1500 shares of Alphabet stock
(ticker symbol: GOOGL) at $465.75 a share, but only if the order can be filled in
the seven hours?
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Transcribed Image Text:Note that the order code may only contain letters and numbers. It may not include comma, hyphen, etc. What would the code be for a limit order to sell 1500 shares of Alphabet stock (ticker symbol: GOOGL) at $465.75 a share, but only if the order can be filled in the seven hours?
*35) Orders for a stock trading system are coded as follows from left to right:
81 min 26 secs
i. The first character is 'B' for a "buy" order, 'S' for a "sell" order
ii. The number of shares to buy or sell
iii. The stock ticker symbol in all uppercase letters for a "buy" order or all
lowercase letters for a "sell" order
iv. If the order is a "limit" order with a specific buy/sell price, the requested
price in pennies, otherwise the price should be omitted and the order will be a
market order at the current asking price for the stock
v. If the order is a "limit" order with an expiration time, the character 'T' followed
by the number of minutes until the order expires and should no longer be
executed
expand button
Transcribed Image Text:*35) Orders for a stock trading system are coded as follows from left to right: 81 min 26 secs i. The first character is 'B' for a "buy" order, 'S' for a "sell" order ii. The number of shares to buy or sell iii. The stock ticker symbol in all uppercase letters for a "buy" order or all lowercase letters for a "sell" order iv. If the order is a "limit" order with a specific buy/sell price, the requested price in pennies, otherwise the price should be omitted and the order will be a market order at the current asking price for the stock v. If the order is a "limit" order with an expiration time, the character 'T' followed by the number of minutes until the order expires and should no longer be executed
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