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扑扑扑 · 2020年08月22日

问一道题:NO.PZ2018062002000024

问题如下:

Good-on-open-order is a market order. This kind of order will be submitted at the market’s open tomorrow and is filled at the market price. Tim have placed a sell market-on-open order. Which of the following statement about Tim's instruction is correct?

选项:

A.

Tim instruction, to sell the shares at the market open, is an execution instruction.

B.

Tim instruction, to sell the shares at the market open, is a validity instruction.

C.

Tim instruction, to sell the shares at the market open, is a clearing instruction.

解释:

B is correct

A validity instruction specify when an order should be executed.

讲义上面说Good-on-close-order often 是market order。请问good-on-close/open order是不是通常默认为是market order?

1 个答案

maggie_品职助教 · 2020年08月23日

嗨,努力学习的PZer你好:


注意Good-on-close-order首先是一个有效性指令,但是它太特殊了,它要求指令只在某一个特殊时间以市价成交,所以可以看作一个市价指令。但你也不能说它是一个纯粹的市价指令,毕竟它还约束了指令成交的时间(只在开市或是闭市等特殊时间点)。而纯粹的market order是你不管在交易日任何时间下达指令,他会马上按照市价进行成交,不用“等”。


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虽然现在很辛苦,但努力过的感觉真的很好,加油!