Describe the route of a phone order

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Reference no: EM131325323

1. Describe the route of a phone order? A client calls to enter an order, and the conversation goes as follows:

2 .Who is responsible for the error?

3. A buy stop is entered at $280 in gold well before the open.

(A buy stop becomes a market order to buy when gold trades at $280 or higher.)

Considering the following time of sales, what is the best price at which the order could be filled? What is the worst price that the trader could expect within the three-minute rule?

Reference no: EM131325323

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