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NISM Certifications · NISM-Series-VII: Securities Operations and Risk Management · Other Services Provided by Brokers

A stockbroker wants to offer clients the facility to place orders through a mobile application connected to the exchange trading system. Under the exchange framework, this type of order routing through the internet is generally known as:

Placing orders through a broker's website or mobile application that route to the exchange trading system is called internet-based trading. The other options refer to depository transfers, special large-value windows or small-quantity trades, not client order routing over the internet.

  1. AInternet-based tradingCorrect
  2. BOff-market transfer
  3. CBlock deal window
  4. DOdd-lot settlement

Explanation

Orders placed by clients through the broker's website or mobile app and routed to the exchange are called internet-based trading. Off-market transfers are depository transfers not on exchange, block deals are large-value trades in a special window, and odd-lot settlement relates to small quantities.

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