Joe
2022-04-04 15:30官網(wǎng)題：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. 這道題請問A和C為什么不對？
所屬：CFA Level III > Trading, Performance Evaluation, and Manager Selection 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
開開助教
2022-04-04 21:15
該回答已被題主采納
同學你好，A對應是上面的3），這一條不對，讓 eligible brokers 只包含交易費用最低的不對，因為對合格broker來說交易費用低只是一方面，不是交易費越低這個broker就是越好的。還包括broker的reputation、交易執(zhí)行速度和服務質(zhì)量等其他因素。
C對應是是2），這條也不對，確保場外衍生品在那些有保證最低價格透明度規(guī)則的交易場所交易，鑒于OTC市場并不是交易所市場而是場外市場，因此OTC工具對這個minimum price transparency是不要求的，所以這個建議是錯的。
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