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Question 15/48
What is the role thatthe dealer memberis taking when a client's order for an unlisted security is filled directly from inventory rather than on the exchange?
Correct Answer: D
When a dealer member fills a client's order for an unlisted security from its own inventory, the dealer is acting as aprincipal.
* A (Alternative trading system)refers to electronic platforms for trading securities.
* B (Clearing agent)involves post-trade settlement activities.
* C (Over-the-counter agent)is incorrect since the dealer is transacting directly.
References:Volume 1, Chapter 9 ("Principal and Agency Transactions").
* A (Alternative trading system)refers to electronic platforms for trading securities.
* B (Clearing agent)involves post-trade settlement activities.
* C (Over-the-counter agent)is incorrect since the dealer is transacting directly.
References:Volume 1, Chapter 9 ("Principal and Agency Transactions").
- Question List (48q)
- Question 1: A bond with a duration of five is currently priced at $103. ...
- Question 2: Which statutory right allowsa purchaser to caned their order...
- Question 3: When a company issues a number of common shares, some of whi...
- Question 4: Which bend is the most volatile, assuming the same coupon ra...
- Question 5: What is the normal shape of a yield curve?...
- Question 6: What is margin in an equity transaction?...
- Question 7: Why does thefederalgovernment borrow from the capital market...
- Question 8: On what is the dividend rate for rate-reset preferred shares...
- Question 9: Where would the description da company's fixed assets normal...
- Question 10: An emerging Canadian company is exploring the possibility of...
- Question 11: Who in a sell-side firm is responsible for structuring new d...
- Question 12: Whataction is anexchange likely to take when the publicdistr...
- Question 13: What is one key feature of a right?...
- Question 14: What type of unemployment is caused by normal labour turnove...
- Question 15: What is the role thatthe dealer memberis taking when a clien...
- Question 16: What financial instrument is derived from thevalue of an und...
- Question 17: The principleof retraction in retractable preferredshares is...
- Question 18: What is unique to a shortmargin position?...
- Question 19: Which security is issued by a company lo existing shareholde...
- Question 20: What is one key feature of futures?...
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- Question 27: What is unique to responsible investment?...
- Question 28: Which condition must exist for a company to issue a short Fo...
- Question 29: What action must an investment advisor take when submitting ...
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- Question 31: Under which circumstance is an option considered to be in-th...
- Question 32: The Bank of Canada uses anoperating band to help manage the ...
- Question 33: Which regulatory body is responsible for thesurveillanceof t...
- Question 34: Anwar is placing a market order to purchase 100 shares of AJ...
- Question 35: Which investment dealer category do discount brokers belong ...
- Question 36: What is an example of a common feature of robo-advisor servi...
- Question 37: Which group is generally considered aprimary derivative deal...
- Question 38: What is the main benefit for the investors when a company an...
- Question 39: What order would an investor use to protecta short position?...
- Question 40: Haw are retail stock and bond transactions settledon a daily...
- Question 41: An investor has earned additional Income and is looking to i...
- Question 42: What is one feature of a generalpartnership?...
- Question 43: Billy owns shares of 143 Financing inc, in a discretionary a...
- Question 44: What is the main benefit of investing in preferred shares?...
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- Question 47: Using the Moody's long-term rating scale, which rating is be...
- Question 48: What will happen ita country's central government is at risk...
