FIX Protocol and DMA Quiz
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Questions and Answers

Which year was the FIX protocol initiated?

  • 1994
  • 1990
  • 1996
  • 1992 (correct)
  • Who were the original authors of the FIX protocol specification?

  • Robert Lamoureux and Chris Morstatt (correct)
  • NASDAQ and DMA
  • Broker-dealers and institutional clients
  • Fidelity Investments and Salomon Brothers
  • What was the initial purpose of the FIX protocol?

  • To increase speed to financial markets
  • To manage delivery of trading applications
  • To enable electronic communication of equity trading data (correct)
  • To enable direct market access
  • What is the role of direct market access (DMA) in financial service entities?

    <p>To increase speed to financial markets (B)</p> Signup and view all the answers

    What type of information was initially communicated verbally over the telephone between broker-dealers and institutional clients?

    <p>Equity trading data (C)</p> Signup and view all the answers

    Which of the following best describes the role of All India Financial Institutions (AIFI)?

    <p>AIFI is a group of financial institutions that provide safety and liquidity to borrowers and lenders. (B)</p> Signup and view all the answers

    What is the main function of financial institutions in the economy?

    <p>To ensure the continued circulation of money in the economy. (D)</p> Signup and view all the answers

    Why were people encouraged to increase savings in Post-Independence India?

    <p>To bridge the gap between the supply of savings and demand for investment opportunities. (C)</p> Signup and view all the answers

    What is the significance of financial institutions in the investment process?

    <p>They ensure earnings on the investments and savings involved. (B)</p> Signup and view all the answers

    According to the Economic Survey 2012-13, what is the main role of All India Financial Institutions (AIFI)?

    <p>To ensure the continued circulation of money in the economy. (D)</p> Signup and view all the answers

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