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?
f) a, b, c, d, and e.
Yes. All of above except the individual customer identification are needed to clear a trade. (This applies for a non- automated exchange. In an automated exchange, most of this information is ready).Continue
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
d) Identity of individual buyer/seller
e) Whether the trade is an opening purchase, opening sale, closing purchase or closing sale
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