ACI
3I0-012 · Question #215
If several banks hit a broker simultaneously for an amount greater than the amount for which the price was shown:
The correct answer is C. the broker has to split the amount among the banks on a pro rata basis. See the full explanation below for the reasoning.
Question
If several banks hit a broker simultaneously for an amount greater than the amount for which the price was shown:
Options
- Ano transaction is done
- Bthe broker has to honor each and every amount hit
- Cthe broker has to split the amount among the banks on a pro rata basis
- Dthe broker may freely choose the bank(s) he will deal with
How the community answered
(23 responses)- A9% (2)
- B4% (1)
- C83% (19)
- D4% (1)
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