data = [ { "moduleName": "Authorised Signatory and Trade Cancellations", "questions": [ { "question": "ASX Trading Operations received a call from a participant at 3:48pm requesting a number of trades executed at 3:35pm to be cancelled. The person making the request was not an Authorised Signatory. Trading Operations advised they were unable to action the request as the person was not an Authorised Signatory and advised the participant that an authorised signatory is needed to make the request. At 3:58pm the Trading Operations team received a call from an Authorised Signatory requesting the orders be cancelled. This was immediately followed up with an email request that was received at 3:59pm.
As the call was received from an Authorised Signatory at 3.58pm, the trade was eligible for cancellation. ", "feedback": "As the trade cancellation was received within 30 minutes of trade execution, it was eligible for cancellation. It should be noted that ASX will not facilitate a trade cancellation when the request is not made in accordance with the above timing or 10 minutes has elapsed since the end of market close, whichever is sooner.", "correctAnswer": "1", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. True" }, { "optionId": 2, "optionText": "B. False" } ] }, { "question": "ASX Trading Operations can only speak to authorised signatories of the trading participant who executed the trade about a trade cancellation request.", "feedback": "ASX Trading Operations can only speak to Authorised Signatories of the trading participant who executed the trade. Authorised Signatories need to be identified & verified in order to request a trade cancellation", "correctAnswer": "1", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. True" }, { "optionId": 2, "optionText": "B. False" } ] }, { "question": "Why are Authorised Signatories required to complete three challenge questions and answers?", "feedback": "Authorised signatories are required to complete three challenge questions and answers to ensure their access is complete in ASX Online and to enable ASX Trading operations to verify and ensure they are valid.", "correctAnswer": "4", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. To ensure the Authorised Signatory’s access is complete in ASX Online. " }, { "optionId": 2, "optionText": "B. To enable the ASX Trading Operations team to verify the authorised signatory. " }, { "optionId": 3, "optionText": "C. To ensure the Authorised Signatory is valid." }, { "optionId": 4, "optionText": "D. All of the above." } ] }, { "question": "What is the role of the Enterprise Administrator?", "feedback": "The role of an Enterprise Administrator is to create, manage and disable users in ASX Online.", "correctAnswer": "2", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. To manage all compliance service requests." }, { "optionId": 2, "optionText": "B. To create, manage and disable users in ASX Online." }, { "optionId": 3, "optionText": "C. To cancel trades." }, { "optionId": 4, "optionText": "D. To provide access to view historical compliance forms." } ] }, { "question": "Margaret is a trader with a participant and an Authorised Signatory. She has telephoned ASX Trading Operations to cancel a trade.
What information must Margaret include on the subsequent trade cancellation email request?", "feedback": "Time of execution; ASX Code or security/symbol; Number of shares or contracts; Price; Trade Slip or deal number; and/or Order number.", "correctAnswer": "3", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. ASX Code or security/ symbol; Number of shares or contracts; Price; Order number." }, { "optionId": 2, "optionText": "B. Time of execution; ASX Code or security/ symbol; Trade slip or deal number." }, { "optionId": 3, "optionText": "C. Time of execution; ASX Code or security/symbol; Number of shares or contracts; Price; Trade Slip or deal number; and/or Order number." }, { "optionId": 4, "optionText": "D. Name of authorised signatory; Number of shares/contracts; order number." } ] }, { "question": "Steven is a trader and Authorised Signatory with a participant. He has just booked a trade for 300 units instead of $300. Within how many minutes of making the error must he call ASX Trading Operations?", "feedback": "He must call ASX Trading Operations within 30 minutes of making the error or within 10 minutes of market close", "correctAnswer": "4", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. 5 minutes of making the error or within 15 minutes of market close." }, { "optionId": 2, "optionText": "B. 10 minutes of making the error or within 30 minutes of market close." }, { "optionId": 3, "optionText": "C. 15 minutes of making the error or within 20 minutes of market close." }, { "optionId": 4, "optionText": "D. 30 minutes of making the error or within 10 minutes of market close." } ] }, { "question": "Sophie is an ASX Online user and needs to request a trade cancellation, however she doesn’t know who the Authorised Signatories are within her organisation. She will need to contact her Enterprise Administrator who will be able to advise her who the Authorised Signatories are.
Sophie can find details of her Enterprise Administrator on the ‘Company Information’ page within ASX Online.", "feedback": "The Enterprise Administrator details can be found on the ‘Company Information page within ASX Online", "correctAnswer": "1", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. True" }, { "optionId": 2, "optionText": "B. False" } ] }, { "question": "Carmen is the Compliance Officer for a participant and has just been notified that a new staff member will need to be set up as an Authorised Signatory.
What action does Carmen need to take?", "feedback": "The Enterprise Administrator is responsible for setting up Authorised Signatories in ASX Online.", "correctAnswer": "2", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. Do nothing. It's not their responsibility to advise anyone." }, { "optionId": 2, "optionText": "B. Send a request to their participant's Enterprise Administrator and request the user be set up in ASX Online." }, { "optionId": 3, "optionText": "C. Send an email to ASX Trading Operations to notify them of the change." }, { "optionId": 4, "optionText": "D. Raise a service request in ASX Online." } ] }, { "question": "Luke is a trader and an Authorised Signatory with a participant. He has entered an order that has subsequently traded at the wrong price. Whom should he call to make a trade cancellation request? ", "feedback": "ASX Trading Operations can only speak to the trading participant who executed the trade in regards to a trade cancellation.", "correctAnswer": "3", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. The participant counterparty." }, { "optionId": 2, "optionText": "B. ASX Customer Service." }, { "optionId": 3, "optionText": "C. ASX Trading Operations." }, { "optionId": 4, "optionText": "D. An Enterprise Administrator." } ] }, { "question": "ASX Trading Operations have contacted a counterparty to a QCR trade to confirm if they agree to cancel the trade.
The trade will stand unless the Participant counterparty agrees to the cancellations within how many minutes?", "feedback": "The trade will be cancelled if the Participant counterparty to the trade consents within 10 minutes from contact by ASX Trading Operations.", "correctAnswer": "2", "questionType": "single", "answers": [ { "optionId": 1, "optionText": "A. Within 5 minutes." }, { "optionId": 2, "optionText": "B. Within 10 minutes." }, { "optionId": 3, "optionText": "C. Within 15 minutes." }, { "optionId": 4, "optionText": "D. Within 30 minutes." } ] } ] } ]