Trading, Orders & Settlement flashcards

32 cards on trading, orders & settlement for the SIE exam. Short answers, one fact per card, and a line under each explaining why. Here is what the prompts look like:

• The highest price a buyer is willing to pay is the ＿＿＿Answer inside
• The lowest price a seller will accept is the ＿＿＿Answer inside
• Which price does a customer pay when buying: the bid or the ask?Answer inside
• What is the gap between the bid and the ask called?Answer inside
• An order to trade right away at the best available price is a ＿＿＿ orderAnswer inside