What type of services are considered Jitney Services?

What type of services are considered Jitney Services?

• A. Administrative services for trading
• B. Execution, clearing, and settlement of trades
• C. Financial advice and consultation
• D. Investment portfolio management

Answer: (B)

Jitney Services refer to a type of financial service that focuses on the execution, clearing, and settlement of trades. These services facilitate the actual transaction of securities between buyers and sellers and are crucial for ensuring that trades are finalized, funds are transferred, and ownership of the securities is properly documented.

The emphasis on execution and the accompanying processes means that Jitney Services play a vital role in the trading ecosystem, providing essential support for brokers and traders to operate efficiently. While other options like administrative services, financial advice, or portfolio management are important in the financial industry, they do not align specifically with the Jitney Service definition which is centered on the direct handling of trades.