SIE Exam Question 410: Answer and Explanation

Question: 410

Absent exceptional circumstances, NASDAQ trades during business hours are reported within:

• A. 15 minutes of the trade
• B. 1 minute of the trade
• C. 30 seconds of the trade
• D. 10 seconds of the trade

Correct Answer: D

Explanation:

D: Trades are to be reported to the appropriate 'tape' within 10 seconds of execution of the transaction.