NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • High-Frequency Trading: Algorithms execute rapid trades for profit.
  • Market Depth: Indicates the volume of securities available at best prices.
  • Bid-Ask Spread: Difference between buying and selling prices affects liquidity.
  • Churning: Excessive trading by brokers to earn commissions is unethical.
  • Circular Trading: Fraudulent trading to manipulate prices is prohibited.

NISM 12 Securities Markets Foundation

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