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Joe2022-04-04 15:30:18

官网题:While the buy-side trader executes the BYYP trade, Harding and Yellow review ValleyRise's trade policy document. After reviewing the document, Yellow recommends several changes: 1) add a policy for the treatment of trade errors; 2) add a policy that ensures over-the-counter derivatives are traded on venues with rules that ensure minimum price transparency; and 3) alter the list of eligible brokers to include only those that provide execution at the lowest possible trading cost. Q. As it relates to the trade policy document, ValleyRise should implement Yellow's recommendation related to: A. the list of eligible brokers. B. a policy for the treatment of trade errors. C. a policy for over-the-counter derivatives trades. 这道题请问A和C为什么不对?

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开开2022-04-04 21:15:48

同学你好,A对应是上面的3),这一条不对,让 eligible brokers 只包含交易费用最低的不对,因为对合格broker来说交易费用低只是一方面,不是交易费越低这个broker就是越好的。还包括broker的reputation、交易执行速度和服务质量等其他因素。
C对应是是2),这条也不对,确保场外衍生品在那些有保证最低价格透明度规则的交易场所交易,鉴于OTC市场并不是交易所市场而是场外市场,因此OTC工具对这个minimum price transparency是不要求的,所以这个建议是错的。

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