问题如下:
Harding and Yellow conclude their meeting by comparing trade implementation for equities with the trade implementation for the new fixed-income, exchange-traded derivatives, and currency investments under consideration. Yellow tells Harding:
Statement 4 Small currency trades and small exchange-traded derivatives trades are typically implemented using the direct market access (DMA) approach.
Statement 5 The high-touch agency approach is typically used to execute large, non-urgent trades in fixed-income and exchange-traded derivatives markets.
Which of Yellow’s statements regarding the trade implementation of non-equity investments is correct?
选项:
A.Only Statement 4
Only Statement 5
Both Statement 4 and Statement 5
解释:
A is correct.
Small currency trades are usually implemented using direct market access (DMA). Buy-side traders generally use DMA for exchange-traded derivatives, particularly for smaller trades.
Statement 5 The high-touch agency approach is typically used to execute large, non-urgent trades in fixed-income and exchange-traded derivatives markets.
请问这句话哪里不对?