CMFAS Module 2A Free Sample Question

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1/5 Questions

With respect to the computation of Position Limit, which of the following positions are aggregated? All account ___________ I directly owned by a person or personsII indirectly owned by a person or personsIII of any Person or Persons acting in concertIV In which a person or persons has a proprietary or beneficial interest
- I, II and III
- I, II and IV
- I, III and IV
- I, II, III and IV

About This Quiz

Explore key aspects of securities trading and compliance with the CMFAS Module 2A Free Sample Question. This quiz covers topics such as position limits, market orders, SGX QUEST access, and futures contract delisting, sharpening skills in trading regulations and market operations.

2.

In the case of a Market-If-Touched (MIT) sell order, the trigger is placed ______ the current market price, resulting in the order selling at a price ______ than the current market price.
- Above, higher
- Above, lower
- Below, higher
- Below, lower
Correct Answer

A. Above, higher

Explanation

Chapter 4 | Page 117 (4.3.2.5) Market-If-Touched (MIT) Order

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3.

Which of the following may apply through Clearing Member for direct access to SGX QUEST? I Direct clients of the Clearing MembersII Market Maker or SGX Corporate MembersIII Remote SGX Members
- I only
- I and III only
- II and III only
- All of the above
Correct Answer

A. All of the above

Explanation

Chapter 4 | Page 101 (4.1.1) Connectivity Options to QUEST

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4.

A Limit Order specifies the ________ price that a ______ willing to pay for one contract
- Maximum, buyer
- Maximum, seller
- Minimum, buyer
- Minimum, seller
Correct Answer

A. Maximum, buyer

Explanation

Chapter 4 | Page 114 (4.3.2.1) Limit Order

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5.

Subject to the Securities and Futures Act (“SFA”) for delisting of contracts, the _________may, from time to time and in its absolute discretion, de-list any Futures Contract.
- Singapore Exchange (SGX)
- Singapore Exchange Derivatives Trading (SGX-DT)
- Central Depository Pte limited (CDP)
- MAS and SGX
Correct Answer

A. Singapore Exchange (SGX)

Explanation

Chapter 4 | Page 142 (4.9.1) MAS Approval / (4.9.2) De-Listing of Contracts

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Mar 20, 2023

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Aug 09, 2015

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CMFAS Module 2a Free Sample Question

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In the case of a Market-If-Touched (MIT) sell order, the trigger is placed the current market price, resulting in the order selling at a price than the current market price.

Which of the following may apply through Clearing Member for direct access to SGX QUEST? I Direct clients of the Clearing MembersII Market Maker or SGX Corporate MembersIII Remote SGX Members

A Limit Order specifies the __ price that a willing to pay for one contract

Subject to the Securities and Futures Act (“SFA”) for delisting of contracts, the _________may, from time to time and in its absolute discretion, de-list any Futures Contract.