10 Questions
Which year was the FIX protocol initiated?
1992
Who were the original authors of the FIX protocol specification?
Robert Lamoureux and Chris Morstatt
What was the initial purpose of the FIX protocol?
To enable electronic communication of equity trading data
What is the role of direct market access (DMA) in financial service entities?
To increase speed to financial markets
What type of information was initially communicated verbally over the telephone between broker-dealers and institutional clients?
Equity trading data
Which of the following best describes the role of All India Financial Institutions (AIFI)?
AIFI is a group of financial institutions that provide safety and liquidity to borrowers and lenders.
What is the main function of financial institutions in the economy?
To ensure the continued circulation of money in the economy.
Why were people encouraged to increase savings in Post-Independence India?
To bridge the gap between the supply of savings and demand for investment opportunities.
What is the significance of financial institutions in the investment process?
They ensure earnings on the investments and savings involved.
According to the Economic Survey 2012-13, what is the main role of All India Financial Institutions (AIFI)?
To ensure the continued circulation of money in the economy.
Test your knowledge on the Financial Information eXchange (FIX) protocol and direct market access (DMA) with this informative quiz. Learn about the international exchange of securities information and how financial service entities are leveraging DMA to enhance their speed in financial markets.
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