At the end of the day, Wong meets with a long-term client of SWM to discuss SWM’s trade policies. The client identifies two of SWM’s trade policies and asks Wong whether these are consistent with good trade governance:
Policy 1 SWM works only with pre-approved brokers and execution venues, and the list is reviewed and updated regularly.
Policy 2 SWM is allowed to pool funds when appropriate, and executed orders are allocated to the accounts on a pro-rata basis.
Which of SWM’s trading policies identified by the client are consistent with good trade governance?
A Only Policy 1 B Only Policy 2 C Both Policy 1 and Policy 2
答案C
为什么选择C
Policy 1也对吗？SWM要提前pre-approved brokers and execution venues？这是什么意思？详细解释一下Policy 1?
