Chapter 04 · Section 4.1

Processing Trades

Which of the following information must be supplied to the clearing house so that it can process a trade?

a) Clearing member through which the trade is to be cleared and the Counterpart clearing member
b) Number of contracts and the Option series bought or sold
• c) Broker executing the trade and the Broker of counterpart
  No. You are correct , but this is not the only correct answer
  d) Identity of individual buyer/seller
  e) Whether the trade is an opening purchase, opening sale, closing purchase or closing sale
  f) a, b, c, d, and e.

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