X-gen Certification December 2013

30 Questions | Attempts: 255
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Certification Quizzes & Trivia

X-GEN CERTIFICATION DECEMBER 2013


Questions and Answers
  • 1. 
    Which of the following is not traded on the NSE?
    • A. 

      Equities

    • B. 

      Bonds

    • C. 

      Futures

    • D. 

      ETFs

  • 2. 
    One of the following is not a column on the Securities table?
    • A. 

      Reference Price

    • B. 

      Open Quantity

    • C. 

      Bid Depth

    • D. 

      Time In

  • 3. 
    Trading Account Positions can be seen via which table?
    • A. 

      Trading and Loss Account Table

    • B. 

      Trading Account Table

    • C. 

      Depository Account Table            

    • D. 

      Trade Events Table

  • 4. 
    In Order Entry, which of these options is not an Order Type?
    • A. 

      Limit

    • B. 

      Market

    • C. 

      Private

    • D. 

      Open

  • 5. 
    Who can enter transactions during Pre-Open Adjust and Pre-Close Adjust sessions?
    • A. 

      Traders

    • B. 

      Market Makers

    • C. 

      Firm Managers

    • D. 

      Compliance Officer

  • 6. 
    Which one of the following columns displays the status of a security?
    • A. 

      Security Board state

    • B. 

      Security Board status

    • C. 

      Security update

    • D. 

      Instrument update

  • 7. 
    A Market order can only be entered when?
    • A. 

      There are only market orders on the opposite side of the order book

    • B. 

      There are exisiting Limit orders on the opposite side of the book

    • C. 

      There are Trades on the security already

    • D. 

      The opposite side of the order book is empty

  • 8. 
    One of these statements is not correct about a Private Order?
    • A. 

      A minimum Order value is required

    • B. 

      Private Order cannot be viewed on the market

    • C. 

      Private Order can be changed to a Negogiated deal

    • D. 

      Private order can be withdrawn

  • 9. 
    An order quantity must be filled as soon as it becomes available on the market, otherwise the order is cancelled, this order is known as a ?
    • A. 

      FOK

    • B. 

      FAK

    • C. 

      ICC

    • D. 

      ITC

  • 10. 
    Which of these statements is true ?
    • A. 

      Auction takes place at the end of Pre-Open and Close session

    • B. 

      Auction takes place at end of Pre-open Adjust and Close session

    • C. 

      Auction takes place at the end of Close session

    • D. 

      Auction takes at the end of pre-open Adjust and Pre-Close Adjust

  • 11. 
    Which of these statements is true about Order Duration ?
    • A. 

      Order duration types available during Pre-open : Session (Good Till Open), Good Till Date and Day

    • B. 

      Order duration types available during Pre-open: Market, Session (Good Till Open), Good Till Date and Day

    • C. 

      Order duration types available during Pre-open: Immediate , Session (Good Till Open), Good Till Date and Day

    • D. 

      Order duration types available during Pre-open: Pre-Close , Session (Good Till Open), Good Till Date and Day

  • 12. 
    Which of these statements is true about Crossing Orders ?
    • A. 

      Crossing orders are off manual and have to be approved by Market control

    • B. 

      Crossing orders are on manuals and require Market control approval

    • C. 

      Crossing orders are on manual and can be executed outside best market

    • D. 

      Crossing orders are on manual and are matched at best market price

  • 13. 
    Which of these statements is true about Maximum Price Movement ?
    • A. 

      The maximum upward price movement in one day for a security is 10%

    • B. 

      The maximum upward price movement in one day for a security is 10.25%

    • C. 

      The maximum upward price movement in one day for a security is 5%

    • D. 

      The maximum upward price movement in one day for a security is 5.25%

  • 14. 
    Which of these statements is true about Downward Price Mopvement ?
    • A. 

      The maximum downward price movement in one day for a security is 9%

    • B. 

      The maximum downward price movement in one day for a security is 9.75%

    • C. 

      The maximum downward price movement in one day for a security is 8.75%

    • D. 

      The maximum downward price movement in one day for a security is 10%

  • 15. 
    What are the different trading sessions in X-Stream ?
    • A. 

      Pre-Open, Pre-Open adjust, Continuous Trading, Pre-Close Adjust, Close

    • B. 

      Pre-Open, Pre-Open adjust, Continuous Trading, Pre- Close, Pre-Close Adjust, Close

    • C. 

      Pre-Open, Pre-Open adjust, Continuous Trading, Close

    • D. 

      Pre-Open, Continuous Trading, Pre-Close Adjust, Close

  • 16. 
    When can a market maker enter two way quotes ?
    • A. 

      Continuous Trading, Pre-Close Adjust, Close

    • B. 

      Pre-Open, Pre-Open Adjust, Pre-Close Adjust, Close

    • C. 

      Pre-Open Adjust, Continuous Trading, Pre-Close Adjust

    • D. 

      Continuous Trading, Pre-Close, Pre-Close Adjust, Close

  • 17. 
    Which fields can be amended in an Open Buy or Sell order ?
    • A. 

      Security, Volume, Price, Account No, Market, Private, Fill Terms, Duration

    • B. 

      Volume, Price, Account No, Market, Private, Fill Terms, Duration

    • C. 

      Price, Account No, Market, Private, Fill Terms, Duration

    • D. 

      Account No, Market, Private, Fill Terms, Duration

  • 18. 
    A broker can transfer an account position from X-stream trading account table?
    • A. 

      True

    • B. 

      False

  • 19. 
    In X-stream how are account updated?
    • A. 

      Real time

    • B. 

      End of Day

    • C. 

      Next Day

    • D. 

      60 seconds

  • 20. 
    A Firm Manager can withdraw order entries from a broker of his firm:
    • A. 

      True

    • B. 

      False

  • 21. 
    X-Stream Pasword contains alpha numeric characters?
    • A. 

      True

    • B. 

      False

  • 22. 
    When inputting a cross deal a third party confirmation is required?
    • A. 

      True

    • B. 

      False

  • 23. 
    Traders can check their positions at any time during the day ?
    • A. 

      True

    • B. 

      False

  • 24. 
    Market Makers can enter two way quotes during Pre-open ?
    • A. 

      True

    • B. 

      False

  • 25. 
    Negotiated deals must be pre-approved by Market control using the standard NSE form available on the website ?
    • A. 

      True

    • B. 

      False

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