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Assume the Following Scenario: Bank a Bids for EUR 5,000,000

Question 370

Multiple Choice

Assume the following scenario: Bank A bids for EUR 5,000,000.00 at 1.3592. Bank B offers EUR 10,000,000.00 at 1.3597. Broker XYZ quotes to the market EUR/USD 1.3592/97. Bank C takes the offer at 1.3597. What information is the broker obliged to reveal?


A) the name of Bank A and Bank B
B) the names of Bank B and Bank C
C) the amount that was bid but not the name of Bank A
D) the amount taken by Bank C as well as the amount that was bid

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