Series 24: Review Quiz

Review Quiz

1. 1. Which of the following activities applies to an introducing broker-dealer?
2. I. executes trades
3. II. clears trades
4. III. initiates trades
5. IV. settles trades
6. A. II and IV
7. B. I, II, and IV
8. C. III
9. D. I and III
10. 2. Which of the following describes trade report processing where both parties to the trade submit transaction data and the OTC Reporting Facility matches them?
11. A. trade by trade match
12. B. trade acceptance
13. C. aggregate volume match
14. D. T+N trade processing
15. 3. For a trade on Nasdaq, the trade reporting modifier “.Z” indicates that:
16. A. the trade was reported on a different day than when it occurred
17. B. the trade took place outside of market hours
18. C. the trade was reported late
19. D. the trade has next day settlement
20. 4. When do broker-dealers need to submit OAT