Canadian Securities Course (CSC) Practice Exam

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Study for the Canadian Securities Course Exam with our comprehensive practice test. Explore flashcards and multiple-choice questions, each with detailed hints and explanations. Prepare for your CSC exam with confidence!

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What do equity electronic trading systems compete with?

Brokerage firms
Fixed-income electronic trading systems
Dealer markets
Mutual fund dealers

The correct answer is: Fixed-income electronic trading systems

Electronic trading systems for equity compete primarily with fixed-income electronic trading systems. This is because equity electronic trading systems are specifically designed for buying and selling stocks, while fixed-income electronic trading systems focus on buying and selling bonds and other fixed-income securities. Brokerage firms (option A) and dealer markets (option C) are both important components of the trading process, but they are not direct competitors to equity electronic trading systems. Brokerage firms act as intermediaries between buyers and sellers, while dealer markets are where these trades take place. Finally, mutual fund dealers (option D) are not direct competitors to equity electronic trading systems, as mutual funds are a type of investment vehicle rather than a trading system.