Mr. Rajeev is a reputed stockbroker dealing in major stock exchanges. Sam, a retail investor, contacted him about buying shares of XYZ ltd. Rajeev's terminal indicated that the shares could be bought at the price mentioned, and the order was executed electronically. Later, ________________ was issued to Sam by Mr. Rajeev.
Mr. Rajeev is a reputed stockbroker dealing in major stock exchanges. Sam, a retail investor, contacted him about buying shares of XYZ ltd. Rajeev's terminal indicated that the shares could be bought at the price mentioned, and the order was executed electronically. Later, ________________ was issued to Sam by Mr. Rajeev.
Solution
In the stock exchange trading procedure, once an order is executed, the broker issues a trade confirmation slip to the investor stating the price, number of shares and time of the trade. A demat account is opened before trading begins, and the unique order code is generated by the exchange system when the order is placed, not issued afterwards by the broker.
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