----------can only trade through their account or on account of their clients and however clear their trade through PCMs/STCMs.

Related MCQs

• Moral hazard caused by regulation can only be removed from financial transactions if:
• A type of bank account designed to compete with money market mutual funds, and having limited check-writing services, is known as:
• A company can raise capital through the primary market in the form of
• Financial intermediaries can substantially reduce transaction costs per dollar of transactions because their large size allows them to take advantage of
• Speculator who neither buy nor sell securities in the market, but still trade on them are called
• It is a legally enforceable document which is issued by a stock broker within 24 hours of the execution of a trade order.
• When is a trade confirmation slip issued to the investor?
• After the trade has been executed, the broker issues a Contract Note to the investor within
• Adhoc treasury bills are issued in favour of the ..................... only
• A corporation acquires new funds only when its securities are sold