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CFA Level 2
Equity Investments

Identifying Appropriate Order Type for Equity Trades

Hard Equity Market Structure Order Types And Instructions

As a portfolio manager, you are analyzing different order types to effectively execute trades for your equity investments. You have received instructions from a client who wants to ensure that their trades are executed at a specific price or better. In the context of market structure, which order type would be most appropriate to fulfill this client’s directive while minimizing the risk of price slippage?

Hint

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% Correct87%