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 Derivatives Trading (SGX-DT)

Central Depository Pte limited (CDP)

CMFAS Module 2a Free Sample Question

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Khinloke

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Questions: 5 | Attempts: 406 | Updated: Mar 20, 2023

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Questions and Answers

1.

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
- A.
  
  I, II and III
- B.
  
  I, II and IV
- C.
  
  I, III and IV
- D.
  
  I, II, III and IV
Correct Answer
D. I, II, III and IV

Explanation
Chapter 4 | page 147 (4.9.8) Position Limits & Accumulation of Positions

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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.
- A.
  
  Above, higher
- B.
  
  Above, lower
- C.
  
  Below, higher
- D.
  
  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
- A.
  
  I only
- B.
  
  I and III only
- C.
  
  II and III only
- D.
  
  All of the above
Correct Answer
D. 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
- A.
  
  Maximum, buyer
- B.
  
  Maximum, seller
- C.
  
  Minimum, buyer
- D.
  
  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.
- A.
  
  Singapore Exchange (SGX)
- B.
  
  Singapore Exchange Derivatives Trading (SGX-DT)
- C.
  
  Central Depository Pte limited (CDP)
- D.
  
  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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CMFAS Module 2a Free Sample Question

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.

CMFAS Module 2a Free Sample Question

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.

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.

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