Definition of Dont Know (DK)

Don’t Know (DK) is a term used to describe a dealer’s response to a confirmation for a trade they "donÕt know" executing.

Applying "Dont Know (DK)" to Securities Exams:

A don’t know or a DK is an unconfirmed or open trade. It is a trade that one party reports and the terms of the trade are not recognized by the confirming party. Many DKs are the result of a discrepancy in price or the number of shares.The DK may also be the result of an input error or typo and can be easily resolved.

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