CH1 - FS

Question 1

3 main sectors of wholesale?

Answer 1

investment banking
fund management
custodian banking

Question 2

sectors of retail?

Answer 2

Retail Bank
Investments
Financial Planning
insurance
pensions

Question 3

What is a multilateral trading facility?

Answer 3

A system that brings together multiple parties that are interested in buying financial instruments.

Question 4

How is FX traded?

Answer 4

Only OTC, no central exchange.

Question 5

How are derivatives traded?

Answer 5

A mixture of OTC and Exchanges.

Question 6

What is the biggest derivatives exchange?

Answer 6

The CME - Chicago Mercantile Exchange

Question 7

What 3 types of banks are participants in the FS?

Answer 7

Investment
Retail
Custodian

Question 8

What is the Bonds trade body?

Answer 8

International Capital Markets Association (ICMA)

Question 9

What is the Derivatives trade body?

Answer 9

International Swaps and Derivatives Association (ISDA) and FIA Europe

Question 10

What is the fund managers trade body?

Answer 10

Investment Association (IA)

Question 11

What is the insurance company trade body?

Answer 11

Association of British Insurers (ABI)

Question 12

What is the wealth management trade body?

Answer 12

Personal Investment Management and Financial Advice Association (PIMFA)

Question 13

What is a platform?

Answer 13

Online services used by intermediaries such as financial advisers. Can be used to view portfolios and administer services.