Series 10 Exam Question 41: Answer and Explanation

Question: 41

Which of the following have their quotes displayed in the Nasdaq system?

I. UTPs

II. ECNs

III. Market makers

IV. Quotes entered via the ADF

• A. I and II
• B. I and III
• C. II and IV
• D. I, II, and III

Correct Answer: D

Explanation:

All of the choices listed have their quotes entered through the Nasdaq system except firms that enter quotes via the Alternative Display Facility (ADF).