General Securities Sales Supervisor (Series10) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the General Securities Sales Supervisor Exam with flashcards and multiple-choice questions. Each question includes hints and explanations to enhance your learning experience. Get exam-ready today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does the Consolidated Quotations Service provide for exchange-listed stocks?

Bid and ask quotes with sizes
Real-time trade reports
Historical price records
Market trends and forecasts

The correct answer is: Real-time trade reports

The Consolidated Quotations Service (CQS) is primarily designed to provide real-time bid and ask quotes for exchange-listed stocks. This service aggregates quotes from various exchanges and disseminates them, allowing market participants to see the best available prices for buying and selling a particular security. Providing bid and ask quotes along with their sizes offers investors crucial information regarding the liquidity of the stocks and the current market conditions. While real-time trade reports are essential for understanding executed trades, the CQS functions specifically by offering quotes that enable traders and investors to assess where they can buy or sell stocks at any given moment. By focusing on the bid and ask quotes, the CQS helps ensure transparency and efficiency in the market, rather than concentrating on historical data or market trends.