The resting bids in the market for SGX ST Futures contract are

A new limit order arrived to sell 30 lots @ 3250. If the trade priority algorithm for this contract is Pro-Rata Order and Matching Allocation, how many lots are cleared for each order and what is the sequence in which they are clear?

Which of the following guidelines must financial institutions comply with, to prevent a bridged of “Sanctions Rules”?

I     Taking appropriate action to meet the recommendations of the FATF

II    Conduct Enhance Due Diligence on transactions related to Sanctions countries

III   Have clear and stringent policies to protect against the use of correspondent banking relationships and front companies to shield illicit activities and be alert generally to the impact of dealing with sanctioned countries

IV   To freeze assets and report suspicion transactions when alerted and to prevent release assets  without MAS’s approval

Indicate, whether the following statements are True or False

I     During the Non-cancel period of the pre-opening session, order cannot be modified

II    A contract will typically have closing routine make up of pre-closing session, non-cancel period and closing market session

III   The daily settlement price and the final settlement price are solely determined by market maker

The current market price for the SGX FTSE China A50 Index Futures is 6665 / 6675 and the last traded price is 6665. You are an Approved Trader and receive orders at the same time from two different customers. The order details are as followed:

Customer A          Buy 5 lots @ 6670

Customer B          Sell 5 lots @ 6670

What should you do?

When conducting the CAR or CKA, which of the following sources of evidence allowed you to determine whether a retail customer has sufficient knowledge?

I     He has transacted in SIPs which are listed or quoted on a securities or futures exchange at least 6 times in the last 3 years

II    He has transacted in SIPs which are listed or quoted on a securities or futures exchange at least 3 times in the last 6 years

III   He has a minimum of 3 consecutive years of relevant working experience in the past 10 years

IV   He has demonstrates sufficient understanding of the features and risks of SIPs through a learning module provided by an independent body

Can you afford to FAIL and RETAKE the CMFAS M2A Exam?