Market structure Flashcards
Which of the following is a feature of Euronext’s Universal Trading Platform system?
AQuote-driven BOrder-driven CPrice dissemination service DMarket making system
Order-driven
What is the main source of information for an exchange price feed?
AExchange trading systems BClearing house reports CUniversal Clearing Platform DMember firm reports
Exchange trading systems ,
Most exchanges have electronic trading systems, which relay price information to the quote vendors.
Universal Trading Platform is used on which of the following exchanges?
ACME BEUREX CEuronext Derivatives DLSE Derivatives
Euronext Derivatives,
Universal Trading Platform is the electronic order-driven trading platform used by Euronext Derivatives.
what is mutual offset
Allowing connectivity between exchanges on specific contracts:
Increased liquidity
Longer market hours
What needs to be reported on an execution of a block trade?
ITime
IIPrice
IIIVolume
IVClient details
AI and II BII and III CI, II and III DI, II, III and IV
I, II and III ,
Client details are not required in a trade report for a block trade.
Which of the following is the best definition of dual trading on exchange?
AA member firm trades for its own account and that of a client at the same time BA member firm trades for its own account and that of a client irrespective of time CA member firm deals for two clients in the same contract DA member firm allows two clients to deal with each other in the same contract
A member firm trades for its own account and that of a client irrespective of time
In a trade registration system, when is a trade considered to be registered?
AWhen the trade has been allocated BWhen the trade has been removed from the default account CWhen it is ready for clearing DWhen the trade has been matched
When it is ready for clearing,
This is a difficult question; the best answer is C, as a trade will be considered registered when it is ready to be passed into the clearing system.
