Select the correct sequence of the first five steps in trading and settlement procedure of stock exchange.

A. Place an order of buying or selling of shares with broker

B. Approach a registered broker

C. Issuance of trade confirmation slip by broker

D. Matching the share and best price available by broker

E. Open a Demat account

Choose the correct answer from the options  given below :

B, E, A, D, C

The correct answer is option (2) : B, E, A, D, C

The correct sequence of the first five steps in the trading and settlement procedure of the stock exchange is as follows:

B. Approach a registered broker The first step is to approach a registered broker who is authorized to buy and sell securities on behalf of the investor.

E. Open a Demat account - The next step is to open a Demat account with a depository participant (DP) to hold the securities in electronic form.

A. Place an order of buying or selling of shares with broker The investor then places an order to buy or sell shares with the broker.

D. Matching the share and best price available by broker- The broker then matches the order with the best available price and executes the trade.

C. Issuance of trade confirmation slip by broker -Finally, the broker issues a trade confirmation slip to the investor, which confirms the details of the trade.

Therefore, the correct answer is option 2: B, E, A, D, C