ACI
3I0-012 · Question #272
Under the Model Code, if a broker shouts "done" or "mine" at the very moment a dealer shouts "off":
The correct answer is B. The deal is done and the broker should inform both counterparties accordingly. See the full explanation below for the reasoning.
Question
Under the Model Code, if a broker shouts "done" or "mine" at the very moment a dealer shouts "off":
Options
- ANo deal is done and the broker should inform both counterparties accordingly.
- BThe deal is done and the broker should inform both counterparties accordingly.
- CThe matter should be resolved in consultation with senior management of the 3 institutions.
- DThe ACI's Committee for Professionalism will investigate and advise accordingly.
How the community answered
(19 responses)- A11% (2)
- B84% (16)
- C5% (1)
Community Discussion
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