SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Practice Questions - SEC Phase 2-7B Equities Securities Salesman (ESS) Exam - Philippines Exam

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During the pre-open phase of the Philippine Stock Exchange (PSE) trading day, what is the rule regarding order cancellation and modification between 09:15 AM and 09:30 AM?

Orders can be cancelled or modified freely without any restrictions. Order cancellation and modification are strictly prohibited during this time. Only order modification is allowed, but cancellations are prohibited. Only cancellations are allowed, but modifications are prohibited.

Correct Answer:

Order cancellation and modification are strictly prohibited during this time.

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