The steps followed in the screen-based trading for buying and selling of securities are:
(A) The investor has to open a demat account with a depository participant for holding and transferring securities in demat form.
(B) The investor places an order with the broker to buy or sell shares.
(C) The broker goes online and connects to the main stock exchange and matches shares and the best price available.
(D) The broker issues a contract note within 24 hours after the trade has been executed.
Choose the correct answer from the options given below:
The steps followed in the screen-based trading for buying and selling of securities are:
(A) The investor has to open a demat account with a depository participant for holding and transferring securities in demat form.
(B) The investor places an order with the broker to buy or sell shares.
(C) The broker goes online and connects to the main stock exchange and matches shares and the best price available.
(D) The broker issues a contract note within 24 hours after the trade has been executed.
Choose the correct answer from the options given below:
Solution
In the trading procedure, the investor first opens a demat account with a depository participant (A), then places a buy or sell order with the broker (B). The broker goes online, connects to the stock exchange and matches the order at the best available price (C). After execution, the broker issues a contract note within 24 hours (D). Sequence: A, B, C, D, option 1.
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