Arrange the following steps in trading and settlement procedure in correct order:
A. Broker matches the share and best price available online.
B. Investor places an order with the broker to buy or sell shares.
C. Broker issues a contract note
D. Broker issues trade confirmation slip
Choose the correct answer from the options given below:
Arrange the following steps in trading and settlement procedure in correct order:
A. Broker matches the share and best price available online.
B. Investor places an order with the broker to buy or sell shares.
C. Broker issues a contract note
D. Broker issues trade confirmation slip
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
The investor first places an order with the broker (B). The broker's system matches the shares with the best price available online (A). On execution, the broker issues a trade confirmation slip (D), and within 24 hours issues a contract note as legal proof (C). Hence B, A, D, C.
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