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Bubba Brokerage Corporation announces through its wire system that it has a large block of stock for sale. Customers purchasing the stock will not pay a commission. The block is crossed on the NYSE floor and is printed on the NYSE tape. This is called a:
Suggested Answer: B
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exchange distribution. An exchange distribution is a large block sold internally by one firm that is crossed on the floor of the exchange. The trade would print on the tape identified by the letters ''DIST''.
4 comments · newest first
GI
Gilma
6 hours ago
I thought a special order was related to this, but now I'm confused. I need to think about how these terms are defined.
SI
Simona
5 days ago
I feel like the term "exchange distribution" was mentioned in class, but it doesn't seem to fit this scenario.
JU
Junita
11 days ago
I remember something about specialist block purchases, but I can't recall the specifics. Could this be one of those?
MA
Margurite
16 days ago
I think this might be a secondary distribution, but I'm not entirely sure. It sounds familiar from our practice questions.