ACI
3I0-012 · Question #401
Under what conditions can an FX broker act as a position taker?
The correct answer is D. brokers act only as intermediaries or arrangers of deals. See the full explanation below for the reasoning.
Question
Under what conditions can an FX broker act as a position taker?
Options
- Aif a principal refuses to honour the deal
- Bno conditions are required; the broker is entitled to take positions
- Conly if he can not find another counterparty for a name switching
- Dbrokers act only as intermediaries or arrangers of deals
How the community answered
(41 responses)- A15% (6)
- B7% (3)
- C2% (1)
- D76% (31)
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