以下是引用wzaina在2009-3-5 9:44:00的发言：
LOS d, (Part 2): Explain ways to reduce execution costs, and discuss the advantages and disadvantages of each.
Q1. Which of the following trading methods can potentially give rise to conflicts of interest?
A) External crossing.
B) Internal crossing.
C) Agency trading.
Q2. Which of the following trading methods requires an additional market instrument in order to reduce execution and trading costs? The use of:
A) external crossing.
B) futures contracts.
C) principal trading.
Q3. The primary distinction between agency trading and principal trading is:
A) principal trading involves anonymity at all times, while in agency trading, the party executing the trade is known at all times.
B) agency trading are trades that occur with outside firms, while principal trading involves trades within the same firm.
C) agency trading occurs with a broker who arranges a transaction with a third party at the best possible price, while in principal trading, the principal acts as a dealer taking the opposite side of the trade.
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发表于 2009-5-25 23:06
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