FX Industry Knowledge Quiz
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Email address *
First name *
Your answer
Last name *
Your answer
What does LEI stand for? *
5 points
Who regulates financial markets in the UK? *
5 points
What does "matched principal" license permission mean for FCA-licensed entity? *
5 points
Equate the following definitions of brokerage business models: *
12 points
Agency
Principal
Market maker
B book
A book
STP
NDD
Bucket shop
What is the leverage restriction for retail traders imposed by Korean FSS? *
5 points
Aggregator is just another word for ECN. *
5 points
Appropriateness test under MiFID2 is a *
5 points
When a client places a trade for 1 lot of EURUSD, and AM has 1 point markup, what is the value of that markup in USD (EURUSD is 1.2200)? *
5 points
What is the USD notional value of 1 lot of XAUUSD transaction? (XAUUSD=1325.50) *
5 points
What does the Sharpe Ratio measure? *
5 points
MT5 is a SaaS based platform. *
5 points
If Time in Force = GTC, *
5 points
Select jurisdictions that differentiate between STP and Market making licenses: *
10 points
Required
Define Latencies between major financial centers: *
15 points
224 ms
70 ms
260 ms
LD4 to HK3
NY4 to LD4
NY4 to HK3
Select provision(s) that are included in MiFID2: *
10 points
Required
Calculate VWAP price for 5 million order BUY on EURUSD when market depth looks as following: *
15 points
Captionless Image
Calculate commission for 200 lots EURUSD trade if commission rate is $12 per million USD notional commission (EURUSD rate is 1.27). *
10 points
Select publicly traded companies only from the list below: *
10 points
Required
How can a company obtain LEI number? *
10 points
Client's monthly minimum is 2,000 USD, client traded 1,500 lots of EURUSD in March 2018. What is client's monthly charge for liquidity? (Trading commission is 12$ usd per million USD notional per side, EURUSD is 1.26) *
15 points
Select documents that will NOT be accepted by broker's compliance as a proof of address: *
10 points
Required
How is Liquidation Level calculated in MT4? *
10 points
Calculate notional USD value for 100 contracts of DAX (GER30) trading at 12291.50 (EURUSD at 1.26). *
10 points
Your answer
What does VAR stand for in finance? *
10 points
Your answer
What regulatory body governs financial markets in Switzerland? *
10 points
RTS 27 Report should be published by financial firms in the EU *
5 points
RTS 28 Report published by the EU-licensed investment firms requires firms to report on: *
10 points
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