Which of the following is applicable to the NASDAQ OMX PHLX?
I. Regional exchange operated by Nasdaq
II. Offers trading in equity securities and options contracts
III. Is a completely electronic exchange with no physical trading floor
IV. Regional exchange operated by FINRA for the execution of OTC stocks only
A) I and III
B) I and II
C) II and III
D) I and IV
Answer: B) I and II