Series 55 – Equity Trader Limited Representative Market Practice Questions
The free Series 55 – Equity Trader Limited Representative questions that deal with market, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #6
The trading desk receives a market order to buy 500 shares of ABC at $30. If the price jumps to $32 before execution, what happens?
Correct answer: D
Explanation
The order will be filled at the market price available, which could be higher than the limit set.
Question #9
A trader is assigned a limit order that was not filled during market hours. What happens to the order after hours?
Correct answer: A
Explanation
Limit orders that are not filled during regular hours typically remain open until the trader cancels them.
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