Automated Trading Systems Quiz

100 Questions | Total Attempts: 70

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Automated Trading Systems Quiz - Quiz

Are you aware of Automated Trading Systems? You can take this quiz on the Automated Trading System exam question to practice. This test will help you understand what you know and what you need to know. Automated Trading Systems is basically a subset of algorithmic trading used in market centers or exchanges. Go for the quiz, and check your knowledge. Try to get a perfect score on this quiz. If you like the quiz, do not forget to share the quiz with others.


Questions and Answers
  • 1. 
    Stages in a stockbroking circle are made up of:
    • A. 

      Arrival, Business Relationship and Satisfaction

    • B. 

      Pre-Arrival, Arrival, Business Relationship and Satisfaction

    • C. 

      Marketing, Business Relationship, verification, contract note and Bank

    • D. 

      Marketing, opening account, paying cash, execution of mandate and contract note

  • 2. 
    The back office department is made up of
    • A. 

      Customer service & Compliance

    • B. 

      Operations & Finance

    • C. 

      Customer service & Finance

    • D. 

      Operation & Business Development unit

  • 3. 
    The trade comparison, clearing & Settlement function is handled by:
    • A. 

      Front office

    • B. 

      Back office

    • C. 

      Settlement Office

    • D. 

      Service support office

  • 4. 
    The accounts maintenance function is handled by:
    • A. 

      Service support unit

    • B. 

      Customer service

    • C. 

      Front Office

    • D. 

      Back office

  • 5. 
    Which of the following best describes the roles of the financial market are:
    • A. 

      Create liquidity

    • B. 

      Allocate scarce resources from savers to investors

    • C. 

      Creates an avenue to save

    • D. 

      Creates security for your asset

  • 6. 
    Primary market transactions include:
    • A. 

      Rights Issue, Private Placement, Special Placement, Public Offer

    • B. 

      Initial Public Offer, Public Offer, Private Placement

    • C. 

      Initial Public Offer, Public Offer, Private Placement, Introduction

    • D. 

      Initial Public Offer, Public Offer, Private Placement, Special Placement

  • 7. 
    Parties to a primary market transaction are
    • A. 

      Issuing house, stockbroker, reporting accountant, solicitor, AMCON

    • B. 

      Issuing house, stockbroker, reporting accountant, SEC, registrar

    • C. 

      Issuing house, stockbroker, EFCC, solicitor, registrar

    • D. 

      Issuing house, stockbroker, reporting accountant, solicitor, registrar

  • 8. 
    Role of a stockbroker in a primary market transaction includes:
    • A. 

      Marketing, Liaising with CAC, Pricing, Allocation, Research & Listing

    • B. 

      Marketing, Liaising with SEC, Pricing, Allocation, Research & Listing

    • C. 

      Marketing, Liaising with NSE, Pricing, Allocation, Research & Listing

    • D. 

      Marketing, Liaising with CBN, Pricing, Allocation, Research & Listing

  • 9. 
    Which of the following is not a function of the Monitoring and Enforcement unit
    • A. 

         Issue circular and bulletin to the market

    • B. 

      Risk based supervision of Dealing Firm

    • C. 

      Tracking inspection feedback and deadlines

    • D. 

      Conduct special investigations

  • 10. 
    Which of the following is not a unit in the Broker-Dealer Regulation Department
    • A. 

        Surveillance

    • B. 

      Licensing Relationship Management

    • C. 

      Enforcement and Monitoring

    • D. 

      Tips and complaints management

  • 11. 
    Which of these is not within the direct control of Broker-Dealer Regulation Department
    • A. 

      Ensuring the firm engage compliance officer

    • B. 

      Managing complaints from both clients and firms

    • C. 

      Ensuring that listed companies hold AGM

    • D. 

      Conduct pre-trade inspection for firms that have been issued license

  • 12. 
      All customer related and transaction information regardless of mode of communication must be retained for a minimum period of:
    • A. 

      Four Years

    • B. 

      Two Years

    • C. 

      Ten Years

    • D. 

      Six Years

  • 13. 
    A modern stock broking environment should have a minimum of three layers of controls. Which of the following is not a control layer
    • A. 

      Risk Management

    • B. 

      Compliance Management

    • C. 

      Password Management

    • D. 

      Internal Audit

  • 14. 
    Professional Ethics encompasses the following:
    • A. 

      The personal standards of behavior expected of a professional

    • B. 

      The corporate standards of behavior expected of a professional

    • C. 

      The personal and corporate standards of behavior expected of a professional

    • D. 

      The corporate standards of behavior expected of a professional

  • 15. 
    Business Ethics refers to a written set of guidelines by an organization to help its
    • A. 

      Employees

    • B. 

      Management

    • C. 

      Employees, Management & Directors

    • D. 

      Employees, Management, with the exclusion of Directors

    • E. 

      To conduct their actions in accordance with its primary values and ethical standards

  • 16. 
    The basic principles underlying ethical conduct of individuals and professionals are ------------- in number:
    • A. 

              7

    • B. 

              5

    • C. 

          4

    • D. 

          6

  • 17. 
    Customer Due Diligence procedures require:
    • A. 

      One-off customer identification procedure at account opening stage

    • B. 

      Periodic assessment of customers transaction history

    • C. 

      Continuous update, monitoring, assessment and reports on i and ii above to management and regulatory authorities

    • D. 

      None of the above

  • 18. 
    The least number of identifiable possible ethical threats that a professional has to face in a well-structured firm are:
    • A. 

               5

    • B. 

               3

    • C. 

              4

    • D. 

           2

  • 19. 
    The NSE is a government organization
    • A. 

      True

    • B. 

      False

    • C. 

      Not Sure

    • D. 

      Perhaps

  • 20. 
    CSR stands for?
    • A. 

      Corporate Social Responsibility

    • B. 

      Corporation of Society Responsibility

    • C. 

      Corporate Social Relationship

    • D. 

      Composition of Social Relations

  • 21. 
    What type of events do we coordinate in Corporate communications department?
    • A. 

      Bell ringing only

    • B. 

      Bell ringing and Facts behind the listing

    • C. 

      Closing Gong Ceremony, Facts Behind the Listing, Fact Behind the Figures, conferences

    • D. 

      Trade Fair, Closing Gong Ceremony, fact behind the figures, fact behind the listing, conferences, investors clinics

  • 22. 
    Oscar Onyema is the______ of The Nigeria Stock Exchange
    • A. 

        Executive Director

    • B. 

          CEO

    • C. 

      DG

    • D. 

        Manager

    • E. 

      Senior Vice President

  • 23. 
    The following are the roles of Corporate Communications except
    • A. 

      Communicate clearly and effectively the Brand Essence and Promise to internal and external stakeholders

    • B. 

      Establish The NSE as the CSR/Sustainability facilitator of the Nigerian capital market by developing and implementing CSR initiatives

    • C. 

      Drive brand/product awareness and engagement through traditional and digital capabilities

    • D. 

      Examine The NSE operational processes

  • 24. 
    What is Asset Co-mingling?
    • A. 

      Mixing up many investors account

    • B. 

      Mixing up all proprietary accounts

    • C. 

      Mixing up all proprietary and clients’ assets

    • D. 

      Mixing up all proprietary and clients’ shares

  • 25. 
    Describe what reconstruction is?
    • A. 

      Increasing share volume/value

    • B. 

      Decreasing share value/volume

    • C. 

      Increasing/decreasing share volume/value

    • D. 

      None of the above

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