FINRA Series 7 – General Securities Representative — Question 2

What does the following mean when printed on the stock exchange ticker tape?

Answer options

• A. one hundred shares of MST traded on the exchange and appear out of order on the tape
• B. trading was suspended on MST pending dissemination of news
• C. the last sale of MST was for 100 shares at 98.25
• D. the preceding transaction in MST was two or more points different than 98.25

Correct answer: A

Explanation

The correct answer, A, indicates that the ticker tape shows a transaction of 100 shares of MST that is out of sequence. Option B is incorrect because it refers to a trading suspension, while C describes the last sale price, which does not pertain to the order of transactions. Option D discusses price variation, which is unrelated to the order of shares traded.