Written confirmation is a function that can be done by:
A) Any dealer as long as he/she is not a party to the trade.
B) Staff in the back-office.
C) Staff in the dealing room who are not dealing.
D) Any staff outside the dealing room.

Question

Quizplus · Accepted Answer

Written confirmation is a back-office function that is typically handled by support staff rather than front-line traders. Therefore, choice B is the best option as it specifically mentions staff in the back-office. Option A is incorrect because a dealer who is not a party to the trade can still have a conflict of interest. Option C is incorrect because staff in the dealing room may be actively engaged in trading activities and therefore may not have the time or resources to devote to confirming trades. Option D is too broad and can encompass individuals who may not have the necessary qualifications or expertise needed to handle trade confirmation.

Written Confirmation Is a Function That Can Be Done By