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Select the correct sequence of first five steps involved in the Trading and Settlement Procedure of Stock Exchange :

(A) Matching the share and best price available by broker

(B) Approach to a registered broker

(C) Open a Demat Account

(D) Issuance of a trade confirmation slip by broker to the investor

(E) Place an order of buying or selling with the broker

Choose the correct answer from the options given below :

Solution

Correct Option: 3

The first five steps of Trading and Settlement are: Approach a registered broker (B), Open a Demat Account (C), Place an order of buying or selling (E), Matching of share and best price by broker (A), and Issuance of trade confirmation slip (D). Sequence: B, C, E, A, D.

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