Other questions in this quiz

2. In a QUOTE-DRIVEN system, are the identities of the seller and buyer known to each other?

  • Yes
  • No

3. What is a firm called which does NOT clear their own trades and needs connectivity to the exchange member's system BUT NOT CLEARING HOUSE'S SYSTEMS?

  • NCM (non-clearing member)
  • GCM (General Clearing Member)

4. What is a system called which has an obligation of making two-way-prices, and where market makers must be approached directly to place orders?

  • Order-driven System
  • Quote-driven System
  • Hybrid System

5. Products which are highly LIQUID (large daily trading volumes) are most suitable to trade on which type of exchange systems?

  • Hybrid
  • Order-driven
  • Quote-Driven

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