Question

Which of the following statements are TRUE regarding quotes provided on NASDAQ Level II? I Quotes are shown for round and mixed lots II Quotes are shown for up to 999,999 shares III Bid and ask quotes are shown IV The minimum quote size is 100 shares A - I and III only B - II and IV only C - I, III, IV D - I, II, III, IV

Answer 1

The TRUE statements regarding quotes provided on NASDAQ Level II are C - I, III, IV.

Therefore, option C - I, III, IV is correct.

Step-by-step explanation:

I. Quotes are shown for round and mixed lots: This statement is true. NASDAQ Level II displays quotes for both round lots (which are standard trading sizes) and mixed lots (non-standard trading sizes).

III. Bid and ask quotes are shown: This statement is true. NASDAQ Level II displays both bid and ask quotes, providing a comprehensive view of the market depth.

IV. The minimum quote size is 100 shares: This statement is true. NASDAQ Level II typically shows quotes with a minimum size of 100 shares.

Therefore, option C - I, III, IV is correct.