What is a type of service or system that trades electronically and B/S trades are matched using a matching engine?
MTF
1 of 21
What is a corporation or mutual exchange which provides facilities for counterparties and firms to trade securities, and is NOT allowed to trade as principle?
Investment Exchange
2 of 21
What is an OTF?
NOT a regulated market or MTF but which still allows B/S of bonds & emissions allowances or derivatives, For off-venue transactions
3 of 21
What financial instrument is not permitted to be traded on an OTF?
Equities
4 of 21
What must an SI publish for LIQUID instruments?
Bid/ Offer prices
5 of 21
What must an SI publish for ILLIQUID instruments?
disclose quotes on request
6 of 21
An investment exchange which is based in the UK and recognized by the FCA is called what?
RIE (Recognized Investment Exchange)
7 of 21
An investment exchange based outside of the UK but admitting UK banks and securities firms as members is called what?
ROIE (Recognised Overseas Investment Exchange)
8 of 21
An overseas investment exchange which does not carry on regulated activity in the UK and is not a regulated market is called what?
DIE (Designated Investment Exchange)
9 of 21
A Recognized Investment Exchange dealing in fut & options in NON-FERROUS metals is called what?
London Metal Exchange Limited (LME)
10 of 21
A Recognized Investment Exchange dealing in fut & options in ENERGY PRODUCTS is called what?
Ice Futures Europe
11 of 21
A Recognized Investment Exchange dealing in fut & options in DERIVATIVE CONTRACTS is called what?
CME Europe
12 of 21
In a ORDER-DRIVEN system, are the identities of the seller and buyer known to each other?
No
13 of 21
In a QUOTE-DRIVEN system, are the identities of the seller and buyer known to each other?
Yes
14 of 21
Exchange systems where orders are fulfilled through an order queue but market makers still exist to guarantee trade execution are called what?
HYBRID
15 of 21
Which LSE Trading System is used to trade in all securities in the FTSE All Share Index, and AIM securities?
SETS
16 of 21
Which LSE Trading System is used to trade in all UK domestic equities not on SETS and supports 4 electronic auctions a day?
SETSqx
17 of 21
Which LSE Trading System is used to trade in UK gilts (gov bonds) and sterling-denominated corporate bonds? It has an initial opening auction with no closing auction.
Order Book for Retail Bonds
18 of 21
What software platform are the LSE's trading system based on?
Millennium Exchange
19 of 21
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)
20 of 21
When equities are trades on SEAQ, what principles apply?
no central counter party and therefore no novation or netting are involved
21 of 21
Other cards in this set
Card 2
Front
What is a corporation or mutual exchange which provides facilities for counterparties and firms to trade securities, and is NOT allowed to trade as principle?
Back
Investment Exchange
Card 3
Front
What is an OTF?
Back
Card 4
Front
What financial instrument is not permitted to be traded on an OTF?
Comments
No comments have yet been made