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Free 3I0-012 Exam Braindumps (page: 58)

Page 57 of 186
PDF with 740 Questions

Which of the following does the Model Code not recommend to prevent technical errors by etrading devices?

  1. A manual “kill button” to disable the system’s ability to trade and cancel all resting orders.
  2. An ‘inbound message rate” feature that monitors the number of confirmation messages that are sent from trading venues within a specific time period.
  3. A “repeated automated execution throttle” monitoring the frequency of strategies that are filled and then re-entered into the market without human intervention through automated trading systems.
  4. A “fat-finger quantity” feature limiting the size of orders that can be sent from the trading systems and preventing order quantities above the fat-finger limit from leaving the system.

Answer(s): B



In trade confirmation, which one of the following statements about “matching” is correct?

  1. matching should be performed by no later than the day after trading day
  2. matching processes are manual and may not be automated
  3. matching should be performed as soon as possible upon receipt of the confirmation
  4. confirmation matching should be a post-settlement workflow activity

Answer(s): C



If several banks hit a broker simultaneously for an amount greater than the amount for which the price was shown:

  1. no transaction is done
  2. the broker has to honor each and every amount hit
  3. the broker has to split the amount among the banks on a pro rata basis
  4. the broker may freely choose the bank(s) he will deal with

Answer(s): C



According the Model Code, a principal, whose name has been rejected, feeling that the broker may have actually quoted a price or rate that it could not in fact substantiate, may:

  1. deduct points from the broker or adjust the brokerage bill accordingly
  2. in some centres, ask either the central bank or some other neutral body to investigate and confidentially verify that there was support for the original price or rate
  3. in some centres, ask the local ACI to investigate and confidentially verify that there was support for the original price or rate
  4. insist that the broker discloses the name of the other counterparty

Answer(s): B






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