CMFAS Module 2a Free Sample Question

  • CMFAS
  • SGX
  • SFA
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1. A Limit Order specifies the ________ price that a ______  willing to pay for one contract 

Explanation

Chapter 4 | Page 114 (4.3.2.1) Limit Order

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About This Quiz
Regulatory Compliance Quizzes & Trivia

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.

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2. 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

Explanation

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

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3. 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. 

Explanation

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

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4. 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

Explanation

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

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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.

Explanation

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

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A Limit Order specifies the ________ price that a ______  willing...
Which of the following may apply through Clearing Member for direct...
In the case of a Market-If-Touched (MIT) sell order, the trigger is...
With respect to the computation of Position Limit, which of the...
Subject to the Securities and Futures Act ("SFA") for delisting of...
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