Eurex Exchange: Eurex Trader Exam! Trivia Questions Quiz
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Are you a finance student who is about to sit for the Eurex trade exchange exam? You are in luck as the trivia quiz below is designed to test out just how much you know about the largest market for European based stocks and derivatives. Give it a try and be a step closer to passing your exams. All the best!
- 1.
Which reason(s) exist(s) to order a cash settlement in lieu of physical delivery upon exercise of equity options?
- A.
To maintain an orderly market
- B.
A high number of in-the-money options
- C.
Instruction of the company on whose shares the option is based
- D.
Instruction of the Frankfurt Stock Exchange
Correct Answer
A. To maintain an orderly marketExplanation
Ordering a cash settlement in lieu of physical delivery upon exercise of equity options helps to maintain an orderly market. This is because physical delivery of a large number of shares can cause disruptions in the market, leading to volatility and potential price manipulation. By opting for a cash settlement, the market remains stable, and the risk of market disruptions is minimized.Rate this question:
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- 2.
The Boards of Management of the Eurex Exchanges may verify at any time whether the business activities of an exchange participant comply with the Eurex Exchange Rules.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The Boards of Management of the Eurex Exchanges have the authority to check and confirm whether the business activities of an exchange participant are in accordance with the Eurex Exchange Rules. This means that they can conduct audits or investigations to ensure that participants are following the rules and regulations set by the exchange. Therefore, the statement is true.Rate this question:
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- 3.
Which body(ies) monitor(s) that the exchange prices of Eurex Deutschland are determined in an orderly manner?
- A.
Market Supervision
- B.
Exchange Council
- C.
Trading Surveillance Office
- D.
Board of Management of the respective Eurex Exchange
Correct Answer
C. Trading Surveillance OfficeExplanation
The Trading Surveillance Office is responsible for monitoring that the exchange prices of Eurex Deutschland are determined in an orderly manner. This office ensures that trading activities are conducted fairly and in compliance with the rules and regulations set by the exchange. They monitor the behavior of market participants, investigate any suspicious activities, and take necessary actions to maintain the integrity and transparency of the market.Rate this question:
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- 4.
According to the Exchange Rules, the tasks of the Eurex Exchanges include in particular the conclusion of standardized derivative contracts, such as futures and options.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because according to the Exchange Rules, one of the tasks of the Eurex Exchanges is to conclude standardized derivative contracts, such as futures and options. This means that the Eurex Exchanges are responsible for facilitating the trading and execution of these types of financial instruments.Rate this question:
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- 5.
According to the Exchange Rules, what is the particular objective of the Eurex Exchanges?
- A.
Conclusion of forwards
- B.
Conclusion of swap transactions
- C.
Conclusion of non-standardized derivates
- D.
Conclusion of standardized derivate transactions, such as futures and options
Correct Answer
D. Conclusion of standardized derivate transactions, such as futures and optionsExplanation
The particular objective of the Eurex Exchanges, according to the Exchange Rules, is to conclude standardized derivative transactions, such as futures and options. This means that the Eurex Exchanges aim to facilitate the trading and settlement of standardized derivative contracts, providing a platform for investors to buy and sell these financial instruments. By focusing on standardized derivatives, the Eurex Exchanges promote transparency, liquidity, and efficiency in the market for these types of transactions.Rate this question:
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- 6.
According to the Exchange Rules, the tasks of the Boards of Management of the Eurex Exchanges include the regulation of the organization and business operations of the Exchange but not of the trading hours.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The correct answer is False. According to the Exchange Rules, the tasks of the Boards of Management of the Eurex Exchanges include the regulation of the organization and business operations of the Exchange as well as the trading hours.Rate this question:
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- 7.
According to the Exchange Rules, the Exchange/Administrative Council is responsible for the surveillance of daily business of the respective Eurex Exchange.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
According to the Exchange Rules, the Exchange/Administrative Council is not responsible for the surveillance of daily business of the respective Eurex Exchange.Rate this question:
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- 8.
All derivatives contracts including the OTC Flexible Options traded at the Eurex Exchanges are standardized.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The given statement is false. While it is true that derivatives contracts traded at the Eurex Exchanges are standardized, OTC Flexible Options are an exception to this rule. OTC Flexible Options are customized contracts that allow investors to tailor the terms and conditions to their specific needs. Therefore, they are not standardized like other derivatives contracts traded at the Eurex Exchanges.Rate this question:
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- 9.
According to the Exchange Rules, which one(s) of the following bodies is (are) responsible for the management of the Eurex Exchanges?
- A.
Disciplinary Committee
- B.
Boards of Management of the Eurex Exchanges
- C.
Exchange Council
- D.
Market Surveillance
Correct Answer
B. Boards of Management of the Eurex ExchangesExplanation
The Boards of Management of the Eurex Exchanges are responsible for the management of the Eurex Exchanges according to the Exchange Rules. They oversee and make decisions regarding the operations and functioning of the exchanges. The Disciplinary Committee is responsible for handling disciplinary matters, the Exchange Council is responsible for providing guidance and oversight, and Market Surveillance is responsible for monitoring and ensuring fair and orderly trading. However, it is the Boards of Management that have the ultimate responsibility for the management of the exchanges.Rate this question:
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- 10.
Supervision of the operations of Eurex Deutschland is the responsibility of the competent highest state authority in the State of Hesse.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that Eurex Deutschland, which is an exchange for financial derivatives, operates under the supervision of the competent highest state authority in the State of Hesse. This means that the state authority in Hesse is responsible for overseeing and regulating the operations of Eurex Deutschland to ensure compliance with applicable laws and regulations. Therefore, the statement that supervision of the operations of Eurex Deutschland is the responsibility of the competent highest state authority in the State of Hesse is true.Rate this question:
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- 11.
Which one(s) of the following institutions and bodies are authorised to request information and the submission of documents from exchange participants of Eurex Deutschland, as well as to carry out audits?
- A.
Market Surveillance
- B.
EDP Committee
- C.
Members of the Supervisory Board
- D.
Members of the Exchange Council
Correct Answer
A. Market SurveillanceExplanation
Market Surveillance is authorized to request information and the submission of documents from exchange participants of Eurex Deutschland, as well as to carry out audits. They play a crucial role in ensuring the integrity and fairness of the market by monitoring and investigating any potential violations of rules and regulations. They have the authority to request relevant information and documents from exchange participants and conduct audits to ensure compliance with the required standards.Rate this question:
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- 12.
According to the Exchange Rules, which procedure applies in the event of an order for the exclusion of physical delivery of futures contracts?
- A.
Positions are closed out at the last traded price prevailing prior to such order
- B.
Rights and obligations shall be deemed to be performed upon the last daily settlement payment
- C.
The previous day's opening price shall be used as Final Settlement Price
- D.
Physical delivery is never excluded
Correct Answer
B. Rights and obligations shall be deemed to be performed upon the last daily settlement payment -
- 13.
According to the Exchange Rules, which of the following prices are determined at the Eurex Exchanges?
- A.
Official closing prices for options
- B.
Settlement prices
- C.
Transaction prices during trading hours
- D.
Official cash market prices
Correct Answer(s)
B. Settlement prices
C. Transaction prices during trading hoursExplanation
Settlement prices and transaction prices during trading hours are determined at the Eurex Exchanges according to the Exchange Rules. Settlement prices are the prices used to determine the final value of a contract at the end of a trading session, while transaction prices during trading hours refer to the prices at which trades are executed between buyers and sellers during the trading day. Official closing prices for options and official cash market prices are not mentioned as being determined at the Eurex Exchanges in the given information.Rate this question:
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- 14.
Position limits refer to which of the following:
- A.
The minimum number of contracts held by one Exchange Participant or one customer for his own account.
- B.
The maximum number of contracts held by one Exchange Participant for his own account or by one of his customers
- C.
The weighted average number of contracts held by one customer for his own account.
- D.
The maximum number of contracts held by one Exchange Participant across all principal and customer accounts
Correct Answer
B. The maximum number of contracts held by one Exchange Participant for his own account or by one of his customersExplanation
Position limits refer to the maximum number of contracts held by one Exchange Participant for his own account or by one of his customers. This means that there is a restriction on the total number of contracts that an Exchange Participant can hold for themselves or on behalf of their customers. This is put in place to prevent excessive concentration of positions and to ensure fair and orderly markets.Rate this question:
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- 15.
According to the Exchange Rules, which persons must apply for a personal access code to the Eurex system?
- A.
A: Allexchangetraders
- B.
B: All persons with back office and system administration duties
- C.
C: Only senior traders
- D.
D: Only exchange traders of foreign subsidiaries
Correct Answer(s)
A. A: Allexchangetraders
B. B: All persons with back office and system administration dutiesExplanation
All persons with back office and system administration duties must apply for a personal access code to the Eurex system.Rate this question:
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- 16.
Quotes within the order book for a certain product may be changed, but cannot be deleted.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement "Quotes within the order book for a certain product may be changed, but cannot be deleted" is false. In an order book, both quotes and orders can be changed or deleted. Traders have the ability to modify or cancel their quotes based on market conditions or their own trading strategies. This flexibility allows for real-time adjustments and ensures that the order book accurately reflects the current market sentiment and liquidity.Rate this question:
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- 17.
Increasing the size of an order existing within the order book will not result in any change of its time priority within the order book.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Increasing the size of an order within the order book can result in a change of its time priority within the order book. This is because orders within the order book are typically prioritized based on the time they were placed. When the size of an order is increased, it essentially becomes a new order with a new timestamp, potentially affecting its position in the order book. Therefore, the given statement is false.Rate this question:
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- 18.
Prior to entering a cross or prearranged trade into the Eurex Exchanges' system, it is always necessary to enter a cross request
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Prior to entering a cross or prearranged trade into the Eurex Exchanges' system, it is necessary to enter a cross request. This means that before executing a cross or prearranged trade, traders must submit a formal request to the exchange. This ensures that the trade is properly documented and approved by the exchange before it is executed. Therefore, the statement "True" is correct.Rate this question:
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- 19.
According to the relevant regulations, exchange participants may have their proprietary orders in futures contracts executed against those of their customers.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
According to the relevant regulations, exchange participants are allowed to have their own orders in futures contracts executed alongside those of their customers. This means that exchange participants can trade on their own behalf while also executing trades for their customers. This practice is permitted and regulated to ensure fair and transparent trading in futures markets. Therefore, the answer is true.Rate this question:
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- 20.
Applications for cancellation of trades must be immediately reported to Eurex.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because Eurex requires immediate reporting of applications for cancellation of trades. This means that if a trader wants to cancel a trade, they must inform Eurex right away. This ensures transparency and allows Eurex to take appropriate actions in response to the cancellation request.Rate this question:
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- 21.
Where the reference price for the purpose of judging mistrades in options cannot be determined on the basis of market prices, Eurex is authorized to calculate a "fair" price, using an option pricing model, and to apply such price as an alternative reference price.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Eurex is authorized to calculate a "fair" price using an option pricing model when the reference price for judging mistrades in options cannot be determined based on market prices. This fair price is then applied as an alternative reference price. This suggests that the statement is true.Rate this question:
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- 22.
Which is (are) the objective(s) of the Pre-Opening Period?
- A.
A: Opportunity for the last reaction to the market situation during the day
- B.
B: Delay in the start of exchange trading
- C.
C: Opportunity for participants to delete orders and quotes
- D.
D: Opportunity for an initial reaction to the market situation
Correct Answer(s)
C. C: Opportunity for participants to delete orders and quotes
D. D: Opportunity for an initial reaction to the market situationExplanation
During the Pre-Opening Period, participants are given the opportunity to delete orders and quotes, which is the objective stated in option C. This allows participants to adjust their positions and orders based on any new information or changes in market conditions. Additionally, the Pre-Opening Period also provides an opportunity for an initial reaction to the market situation, as mentioned in option D. This allows participants to assess the market and make any necessary adjustments before the official start of exchange trading.Rate this question:
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- 23.
Which price is being displayed during the Pre-Opening Period in case of a crossed orderbook?
- A.
Official opening price
- B.
Previous day closing price
- C.
Preliminary opening price
- D.
No prices are displayed in the Pre-Opening Period
Correct Answer
C. Preliminary opening priceExplanation
During the Pre-Opening Period in a crossed orderbook, the preliminary opening price is being displayed. This is the estimated price at which the security will start trading once the market officially opens. It is based on the orders placed by market participants and reflects the supply and demand dynamics. The preliminary opening price helps investors and traders to gauge the potential opening price and make informed decisions before the market officially opens.Rate this question:
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- 24.
Which components does a strategy order for option contracts in the Eurex system consist of?
- A.
Up to four individual orders to be executed simultaneously
- B.
Simultaneous purchase and/or sale of option contracts of different option series
- C.
Purchase of option contracts and sale of respective futures contracts
- D.
Sale of option contracts and purchase of respective futures contracts
Correct Answer(s)
A. Up to four individual orders to be executed simultaneously
B. Simultaneous purchase and/or sale of option contracts of different option seriesExplanation
A strategy order for option contracts in the Eurex system consists of up to four individual orders to be executed simultaneously, as well as the simultaneous purchase and/or sale of option contracts of different option series. This means that multiple orders can be placed at the same time, allowing for a more complex trading strategy. The strategy can involve buying and selling different option contracts within the same transaction.Rate this question:
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- 25.
Which specification(s) must be present for an accepted combination order for futures contracts at the Eurex exchanges?
- A.
Absolute price limits for the two component orders
- B.
Priceindicationforthespread
- C.
Validity specification
- D.
No such specifications are necessary
Correct Answer
B. PriceindicationforthespreadExplanation
An accepted combination order for futures contracts at the Eurex exchanges must have a price indication for the spread. This means that the order must include the price difference between the two component orders. This specification is necessary in order to determine the desired spread between the two contracts and execute the order accordingly.Rate this question:
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- 26.
Which are the components of a combination orders at the Eurex Exchanges for Futures?
- A.
Purchase of option contracts and sale of respective futures contracts
- B.
Two individual orders to be executed simultaneously
- C.
Purchase and sale of an identical number of different futures contracts
- D.
Sale of option contracts and purchase of respective futures contracts
Correct Answer(s)
B. Two individual orders to be executed simultaneously
C. Purchase and sale of an identical number of different futures contractsExplanation
The correct answer is "Two individual orders to be executed simultaneously" and "Purchase and sale of an identical number of different futures contracts". This means that combination orders at the Eurex Exchanges for Futures involve placing two separate orders that are executed at the same time, and these orders involve buying and selling different futures contracts in equal quantities.Rate this question:
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- 27.
An exchange participant wishes to enter two limit orders that could be executed against each other into the Eurex system. Which procedure must this exchange participant follow?
- A.
Immediate entry of the second order into the system
- B.
Immediate quote request for the second order
- C.
Entry of a cross request and thereafter entry of both orders within a certain time period
- D.
Immediate notification of the Exchange regarding the details of the second order
Correct Answer
C. Entry of a cross request and thereafter entry of both orders within a certain time periodExplanation
The exchange participant must first enter a cross request, indicating their intention to execute two limit orders against each other. After the cross request is submitted, they can then enter both orders into the Eurex system within a certain time period. This procedure ensures that both orders are executed simultaneously and prevents any potential conflicts or issues with the execution.Rate this question:
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- 28.
How are Futures combination orders and/or combination quotes entered in the course of an exchange trading day which have not been executed, or non-executed portions of such orders, treated within the Eurex system?
- A.
Deletion of quotes at the end of the exchange trading day
- B.
Holding of orders at the end of the exchange trading day
- C.
Transfer into the OTC- order book
- D.
Transfer of combination orders or quotes into the general order book
Correct Answer(s)
A. Deletion of quotes at the end of the exchange trading day
B. Holding of orders at the end of the exchange trading dayExplanation
Futures combination orders and/or combination quotes that have not been executed, or non-executed portions of such orders, are treated differently within the Eurex system. At the end of the exchange trading day, quotes are deleted, meaning they are removed from the system. On the other hand, orders are held, which means they are retained and not deleted. Therefore, the system treats quotes and orders differently in terms of deletion or holding at the end of the trading day.Rate this question:
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- 29.
What is the term for the type of order where - in case of a complete execution - either the limit order or the stop order is executed?
- A.
Immediate-or-cancel(IOC)order
- B.
Stop-loss order
- C.
One-cancels-the-other (OCO) Order
- D.
Iceberg order
Correct Answer
C. One-cancels-the-other (OCO) OrderExplanation
In a One-cancels-the-other (OCO) order, there are two orders placed simultaneously - a limit order and a stop order. If one order gets executed, the other order is automatically canceled. This type of order allows traders to set both profit-taking and stop-loss levels simultaneously, ensuring that only one order is executed depending on the market movement. It provides flexibility and risk management for traders by allowing them to protect their profits and limit their losses in a single transaction.Rate this question:
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- 30.
What is the term for a trade where the buy- and the sell order executed against each other were entered by the same exchange participant?
- A.
Proprietary trading
- B.
Cross trade
- C.
Changeover
- D.
Combination trade
Correct Answer
B. Cross tradeExplanation
A cross trade refers to a trade where both the buy and sell orders are executed by the same exchange participant. In other words, the participant acts as both the buyer and the seller in the transaction. This type of trade is often used to facilitate the transfer of securities within a single firm or to avoid impacting the market price of the security. It is important to note that cross trades must be conducted in compliance with regulatory requirements to ensure fairness and transparency in the market.Rate this question:
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- 31.
If an order which is in the order book is executed the "Own Order Overview" window is automatically updated.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
When an order in the order book is executed, the "Own Order Overview" window is automatically updated. This means that the system automatically reflects the changes in the order status, such as showing that the order has been executed or partially executed. This automatic update saves time and effort for the user, as they do not have to manually refresh or update the order overview window to see the latest status of their orders. Therefore, the statement "True" accurately reflects this functionality.Rate this question:
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- 32.
Prices of OTC Block Trades are displayed in the "Market Overview" window.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The given statement is false. Prices of OTC Block Trades are not displayed in the "Market Overview" window.Rate this question:
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- 33.
A trader may view the daily settlement prices in the Eurex @X-ceed front end during the Post-Trading Period.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
During the Post-Trading Period, traders can indeed view the daily settlement prices in the Eurex @X-ceed front end. This allows them to track and analyze the closing prices of various securities or instruments traded on the Eurex exchange. By accessing this information, traders can make informed decisions regarding their trading strategies and positions for the next trading day.Rate this question:
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- 34.
OTC trades are not displayed in the "Own Trade Overview" window.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Over-the-counter (OTC) trades typically occur directly between parties without being listed on formal exchanges, which means they may not be displayed in some standard trade overview windows designed for exchange-traded instruments. If the "Own Trade Overview" window is designed to show trades executed through formal exchanges, then OTC trades would not be displayed there. Therefore, the statement is true.Rate this question:
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- 35.
The "Message Log" window is not automatically updated.
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
The statement "The 'Message Log' window is not automatically updated" is incorrect. The 'Message Log' window is actually automatically updated.Rate this question:
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- 36.
Which transactions may a trader perform in the Eurex @X-ceed front end?
- A.
A: Entry of a quote request
- B.
B: Entry of across request
- C.
C: Execution of a trade split
- D.
D: Execution of a trade account transfer
Correct Answer(s)
A. A: Entry of a quote request
B. B: Entry of across requestExplanation
Traders may perform the entry of a quote request and the entry of an across request in the Eurex @X-ceed front end. These transactions allow traders to request quotes for specific securities or to request trades that involve multiple securities. However, the execution of a trade split or the execution of a trade account transfer are not available options in the Eurex @X-ceed front end.Rate this question:
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- 37.
Which window(s) of the Eurex @X-ceed front end are automatically updated?
- A.
A: Own Order Overview
- B.
B: Market Overview
- C.
C: Own Trade Overview
- D.
D: Online Time and Sales Sheet
Correct Answer(s)
A. A: Own Order Overview
B. B: Market Overview
C. C: Own Trade OverviewExplanation
The Own Order Overview, Market Overview, and Own Trade Overview windows of the Eurex @X-ceed front end are automatically updated. This means that any changes or updates in the respective areas will be reflected in these windows without the need for manual intervention. The Online Time and Sales Sheet window, however, is not automatically updated and requires manual updates to reflect the latest information.Rate this question:
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- 38.
Which of the following parameters may a trader configure individually so they may be used via context- menus in the appropriate windows?
- A.
A: Price increments
- B.
B: Validity
- C.
C: Number of contracts usually traded
- D.
D: Exchange, at which one trades
Correct Answer(s)
A. A: Price increments
C. C: Number of contracts usually tradedExplanation
Traders may configure the parameters of price increments and number of contracts usually traded individually so that they can be accessed and adjusted easily through context menus in the appropriate windows. This allows traders to quickly and conveniently modify these parameters according to their trading strategies and preferences.Rate this question:
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- 39.
Which fields are available to traders during order entry using the "Fast Order Entry" window to provide free form customer specific information?
- A.
A: Restriction (Res)
- B.
B: Text (Text)
- C.
C: Member internal order number (MIOrdNo)
- D.
D: Customer(Customer)
Correct Answer(s)
B. B: Text (Text)
C. C: Member internal order number (MIOrdNo)
D. D: Customer(Customer)Explanation
Traders have the option to provide free form customer specific information during order entry using the "Fast Order Entry" window. They can enter this information in the Text field, which allows them to input any relevant details or notes. Additionally, they can also enter the Member internal order number (MIOrdNo) and the Customer (Customer) information for further customization and identification purposes.Rate this question:
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- 40.
A trader does not fill in the field "validity" of the "Fast Order Entry" window at the order entry. Which ones of the following statements are correct?
- A.
A: If the order is not executed during the trading day it is automatically deleted during the nightly batch process
- B.
B: The order remains in the order book until the trader deletes it,however no more than one year
- C.
C: If the order is partially executed during the trading day the part of the order which is not executed is immediately deleted
- D.
D: The trader may modify or delete the order at any time during the trading day
Correct Answer(s)
A. A: If the order is not executed during the trading day it is automatically deleted during the nightly batch process
D. D: The trader may modify or delete the order at any time during the trading dayExplanation
Option A states that if the order is not executed during the trading day, it is automatically deleted during the nightly batch process. This means that if the order is not filled by the end of the trading day, it will be removed from the system during the nightly batch process.
Option D states that the trader has the ability to modify or delete the order at any time during the trading day. This means that the trader can make changes or cancel the order before it is executed.
Both of these statements are correct and provide accurate information about the consequences of not filling in the "validity" field in the "Fast Order Entry" window.Rate this question:
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- 41.
Which of the following are characteristics of the "Rapid Order Entry" window?
- A.
A: Combination of the order entry and market information functions
- B.
B: Display of the net position for a selected contract
- C.
C: To be used only for futures contracts
- D.
D: Orders which are entered using the “Rapid Order Entry” window are not displayed in the “Own Order Overview” window
Correct Answer(s)
A. A: Combination of the order entry and market information functions
B. B: Display of the net position for a selected contractExplanation
The "Rapid Order Entry" window is a combination of the order entry and market information functions. It allows users to quickly enter orders while also providing relevant market information. Additionally, it displays the net position for a selected contract, allowing users to easily track their positions.Rate this question:
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- 42.
For which trading days can traders view their executed trades in the "Own Trade Overview" window?
- A.
A: Only for the current trading day
- B.
B: For the current and previous trading day
- C.
C: For the current and four previous trading days
- D.
D: No time restriction in trading day selection
Correct Answer
A. A: Only for the current trading dayExplanation
Traders can only view their executed trades in the "Own Trade Overview" window for the current trading day. This means that they can only see the trades that have been completed on the same day. They cannot view trades from previous trading days or have the ability to select any specific trading day to view their trades.Rate this question:
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- 43.
Which of the following fields must be filled when entering an order?
- A.
A: Number of contracts (Qty)
- B.
B: Price(Limit)
- C.
C: Restriction (Res)
- D.
D: Account (Act)
Correct Answer(s)
A. A: Number of contracts (Qty)
D. D: Account (Act)Explanation
When entering an order, the fields that must be filled are the Number of contracts (Qty) and the Account (Act). The Number of contracts is necessary to specify the quantity of the product being ordered, while the Account field is important to identify the account from which the order is being placed. The Price (Limit) and Restriction (Res) fields may be optional depending on the specific requirements of the order.Rate this question:
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- 44.
Which of the following statement(s) regarding the "Contract Combination Overview" window is/are correct?
- A.
A: Can only be opened for one contract
- B.
B: Display of a maximum often best bid and best ask prices
- C.
C: Display of the market depth for time spreads
- D.
D: Display of the last traded volume and the last traded price
Correct Answer(s)
A. A: Can only be opened for one contract
B. B: Display of a maximum often best bid and best ask prices
C. C: Display of the market depth for time spreads
D. D: Display of the last traded volume and the last traded priceExplanation
The "Contract Combination Overview" window can only be opened for one contract. It displays a maximum of ten best bid and best ask prices. It also shows the market depth for time spreads and the last traded volume and price.Rate this question:
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- 45.
Which parameters of an order may be changed after order entry?
- A.
A: Price limit
- B.
B: Account
- C.
C: Order number
- D.
D: Contract
Correct Answer(s)
A. A: Price limit
B. B: AccountExplanation
After entering an order, the parameters that can be changed include the price limit and the account. The price limit refers to the maximum or minimum price at which the order can be executed. It can be adjusted based on market conditions or the trader's strategy. The account can also be modified if the trader wants to allocate the order to a different account or make changes to the trading account. However, the order number and contract cannot be changed once the order is entered.Rate this question:
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- 46.
Which of the followng window(s) of the Eurex @X-ceed front end may be used to publish important messages of the Eurex Exchanges (e.g. trading suspension) or system messages?
- A.
A: “Market Overview” window
- B.
B: “Message Log” window
- C.
C: “Market Supervision Messages” window
- D.
D: “Text Field Configuration” window
Correct Answer(s)
B. B: “Message Log” window
C. C: “Market Supervision Messages” windowExplanation
The "Message Log" window and the "Market Supervision Messages" window may be used to publish important messages of the Eurex Exchanges or system messages. These windows provide a platform for disseminating crucial information such as trading suspensions or system updates to users of the Eurex @X-ceed front end.Rate this question:
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- 47.
What happens if a trader clicks on the “Delete-All” button in the "Rapid Order Entry" window?
- A.
A: Immediate deletion of all orders for the respective sub-group
- B.
B: Immediate deletion of all orders of the respective sub-group for the respective contract
- C.
C: Display of a “Delete Order Confirmation” message which, if confirmed, results in a deletion of all orders for the respective User-ID in the respective contract
- D.
D: Opening of the Own Order Overview window
Correct Answer
C. C: Display of a “Delete Order Confirmation” message which, if confirmed, results in a deletion of all orders for the respective User-ID in the respective contractExplanation
If a trader clicks on the "Delete-All" button in the "Rapid Order Entry" window, a "Delete Order Confirmation" message will be displayed. If the trader confirms the message, it will result in the deletion of all orders for the respective User-ID in the respective contract.Rate this question:
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- 48.
What type of order is it if in the "Own Order Overview window" an "S" is displayed in the field "Restriction" for that order?
- A.
A: Market order
- B.
B: Stoporder
- C.
C: Spread order
- D.
D: IOC order (immediate-or-cancel order)
Correct Answer
B. B: StoporderExplanation
If an "S" is displayed in the "Restriction" field for an order in the "Own Order Overview window," it indicates that the order is a Stoporder. A Stoporder is an order that is triggered to become a market order when the market price reaches a specified stop price. This type of order is commonly used to limit losses or protect profits by automatically executing a trade when the market reaches a certain price level.Rate this question:
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- 49.
All entered orders and executed trades of an exchange member are logged and available to the respective exchange member in a report on the next day.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The statement is true because exchanges typically maintain a record of all orders and executed trades made by their members. These records are usually compiled into a report that is made available to the respective exchange member on the following day. This allows members to review their trading activity, track their orders, and monitor their performance. The availability of such reports promotes transparency and accountability in the exchange's operations.Rate this question:
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- 50.
Exchange members may specify the tradable products for each of their traders individually.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Exchange members have the ability to customize the tradable products for each of their individual traders. This means that different traders within the same exchange can have access to different products based on their preferences or trading strategies. This flexibility allows exchange members to cater to the specific needs and preferences of their traders, enhancing their trading experience and potentially increasing their trading efficiency.Rate this question:
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Jun 13, 2024Quiz Edited by
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Apr 16, 2011Quiz Created by
Biaz
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