SIE Exam Question 733: Answer and Explanation

Question: 733

Which of the following is a broker in the futures market who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant?

• A. Carrying broker
• B. Clearing broker
• C. Executing broker
• D. Introducing broker

Correct Answer: D

Explanation:

An introducing broker is a broker in the futures market who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant.