One of your brokers asks you to buy and sell EUR/USD at the same price net of brokerage in order to allow him to clear a transaction.
A) You must have prior senior management approval.
B) You must have the authority to switch names.
C) You must execute such transactions as promptly as
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above are necessary requirements for executing the requested transaction. Prior senior management approval is necessary to ensure compliance with regulations and company policies. The authority to switch names may be necessary if the broker is seeking anonymity in the transaction. Prompt execution is necessary to ensure the transaction is cleared in a timely manner.

One of Your Brokers Asks You to Buy and Sell