Which item is NOT one of the seven required order ticket elements?

• A. Account ID
• B. Description of security
• C. Time of order entry
• D. Client name

Answer: (D)

Order tickets must contain information that uniquely identifies who is placing the order, what is being traded, and how to process it. The account identification ties the instruction to the customer’s account, the description of the security identifies the asset, and the time of order entry records when the instruction was given—important for price/time priority and for auditing. The seven required elements typically cover these items plus quantity, buy/sell direction, and price or order type. The client name is not required because the account ID serves as the primary identifier; including a name isn’t necessary for executing or recording the order and could raise privacy concerns. So, the item that is not one of the seven is the client name.