Which seven order ticket element records the price at which the order was executed?

• A. Account ID
• B. Description of security
• C. Execution price
• D. Identity of agent

Answer: (C)

The price at which the order actually trades is what matters for records, so the element labeled execution price captures the real fill price of the transaction. This is the number used for confirming the trade, calculating cost basis, and settling the trade, reflecting exactly what the customer paid or received when the order was filled. For a market order, the execution price is the market price at the moment of execution. For a limit order, the execution price is the price at which the trade was actually filled, which may be at the limit or at a more favorable price, depending on how the market moved. Other elements like the account ID, description of the security, or the identity of the agent are important for identifying the parties and the instrument involved, but they do not record the price of the execution.