SIE practice questionhardOrder Types
Which order type can be both triggered and then not executed if the market moves past the limit price without trading within the limit range?
- AStop order
- BStop-limit order✓ Correct answer
- CLimit order
- DMarket order
Explanation
Why B — Stop-limit order
A stop-limit order triggers at the stop price but only executes within the limit price. If the bid/ask skips over the range, the order may never execute. Stop orders become markets; limit and market orders don't have trigger conditions.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Trading & Settlement questions
- A not-held order gives the broker discretion regarding:
- A customer’s limit order improves the market but is not displayed by the broker-dealer. What regulation is most likely…
- A broker 'interpositions' another firm between itself and the market to handle a client order. What is the regulatory…
- A broker executes a client’s order at a disadvantaged price while a better price was available on another market. This…