35) Orders for a stock trading system are coded as follows from left to right:i. The first character is 'B' for a "buy" order, 'S' for a "sell" orderii. The number of shares to buy or selliii. The stock ticker symbol in all uppercase letters for a "buy" order or alf lowercase letters for a "sell" orderiv. If the order is a "limit" order with a specific buy/sell price, the requested price in pennies, otherwise the price should be omitted and the order will be a market order at the current asking price for the stockv. If the order is a "limit" order with an expiration time, the character 'T' followed by the number of minutes until the order expires and should no longer be executed Note that the order code may only contain letters and numbers. It may notinclude comma, hyphen, etc.What would the code be for a limit order to sell 1500 shares of Alphabet stock(ticker symbol: GOOGL) at $465.75 a share, but only if the order can be filled inthe seven hours? *35) Orders for a stock trading system are coded as follows from left to right:81 min 26 secsi. The first character is 'B' for a "buy" order, 'S' for a "sell" orderii. The number of shares to buy or selliii. The stock ticker symbol in all uppercase letters for a "buy" order or alllowercase letters for a "sell" orderiv. If the order is a "limit" order with a specific buy/sell price, the requestedprice in pennies, otherwise the price should be omitted and the order will be amarket order at the current asking price for the stockv. If the order is a "limit" order with an expiration time, the character 'T' followedby the number of minutes until the order expires and should no longer beexecuted

The world of stock trading is based on exact communication of buy and sell orders. To do this, many…

Answered: 35) Orders for a stock trading system…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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35) Orders for a stock trading system are coded as follows from left to right:

i. The first character is 'B' for a "buy" order, 'S' for a "sell" order

ii. The number of shares to buy or sell

iii. The stock ticker symbol in all uppercase letters for a "buy" order or alf lowercase letters for a "sell" order

iv. If the order is a "limit" order with a specific buy/sell price, the requested price in pennies, otherwise the price should be omitted and the order will be a market order at the current asking price for the stock

v. If the order is a "limit" order with an expiration time, the character 'T' followed by the number of minutes until the order expires and should no longer be executed