SIE Exam Question 888: Answer and Explanation

Question: 888

Which of the following are obligated to maintain a bid or offer at the National Best Bid or Offer (NBBO) in each of their assigned securities at least 10% of the trading day?

• A. Certified Exchange Specialists
• B. Designated Market Makers
• C. Registered Floor Brokers
• D. Supplemental Liquidity Providers

Correct Answer: D

Explanation:

Supplemental Liquidity Providers are obligated to maintain a bid or offer at the National Best Bid or Offer (NBBO) in each of their assigned securities at least 10% of the trading day.