FISD Financial Information Associate (FIA) Module 2 Practice Test

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• Fundamental data formats are commonly provided in which formats?
• What is FIGI?
• What is yield to call?
• Which statement best describes the delivery formats for news and commentary in market data?
• Which term refers to a data stream control that limits and restricts full data volume by updating less frequently?
• Which of the following is an example of a well-known broker in foreign exchange and money markets?
• Fundamental Data is best described as which of the following?
• Which data type would be most appropriate for back-testing a trading strategy?
• Which statement about delayed data is true?
• If a consumer wishes to terminate a market data service, they should be aware of which contractual provision?
• Which of the following is an example of a benchmark?
• Delayed Market Data delays prices by about:
• SEDOL stands for Stock Exchange Daily Official List. It is a list of security identifiers used in which region?
• The difference between originators and aggregators is that:
• Which statement about a company’s annual report filed with the SEC is correct?
• Back testing aims to evaluate how a trading strategy would have performed under which conditions?
• Which type of market data is of most interest to a trader for executing trades?
• Vendors may have an account manager and a new business sales manager for the purposes of which?
• Credit rating agency is defined as?
• Is there an independent universal coding system for all financial instruments worldwide?
• Valuations data are generally end-of-day and used for accounting operations. They are typically provided for which instruments?
• Which of the following is a list of security identifiers used in the United Kingdom and Ireland?
• Share ownership data on publicly listed companies is an example of fundamental data.
• What is Full tick defined as in market data terms?
• Which of the following are types of reference data?
• Which term describes a system design in which a component is duplicated so that if it fails there will be a backup?
• Which term is used as the price measure related to the volume, used to determine price/volume impact?
• Which of the following are examples of fundamental data vendors?
• Data Access Control System (DACS) is an example of which description?
• Which statement best describes real-time data delivery?
• Applications supporting market data that are tailored to a specific need are commonly referred to as what?
• Which set is commonly associated with end-of-day fixed income evaluations?
• Which of the following describes the Dow Jones Industrial Average weighing scheme compared to the S&P 500?
• Which corporate action typically changes the number of shares outstanding?
• An NRSRO is
• Vendor(s) that provide valuation services include
• Which statement about batch downloads versus real-time broadcasts is true?
• Which statement about fundamental data formats is true?
• Time series data in financial markets are designed to support what kind of analysis?
• Which statement describes a feature of an equal-weighted index?
• Which term is the difference between the bid and the offer?
• Which would be considered to be "fundamental data"?
• Which of the following are examples of common symbology codes?
• Which data type includes bid, offer, trade and volume, Level 1 and Level 2 data, and real-time quote data?
• Elementised news is becoming an increasingly important data set used in algo trading. True or False?
• Which identifier is primarily used in the United States and Canada for securities identification?
• Which vendors provide desktop terminals?
• Snapshot Market Data is best described as:
• Historical/Time Series Data presents which key challenges?
• Which description best defines contributed generated data?
• Vendors add value to market data by which practice?
• Which of the following best describes the primary function of clearing and settlement systems?
• Which corporate actions data use case is described as streaming with low latency updating for dividends?
• Providers of desktop terminals include which pair?
• In bond terminology, what is the coupon?
• Historical Market Data refers to:
• Peer groups in the market data industry have been useful in bringing together which of the following?
• Which data type is most essential for a trader's immediate decision making?
• Which statement best describes a characteristic of reference data?
• Streaming data is best described as which?
• A compliance manager would typically monitor risk exposure using which types of market data?
• What is the primary purpose of ISO standards in market data such as FIX, Corporate Actions, and LEI?
• In what context would KYC be most relevant?
• A cancellation date typically marks which of the following?
• Which term is generally measured in ticks per second, constrained by bandwidth and processing speed?
• Which identification standard is used worldwide to identify specific securities such as bonds and stocks?
• Custom Indices are tailor-made solution designed to suit clients' unique mandates or investment strategies. Which statement best describes their purpose?
• A market data manager supporting a back office operations unit would typically be engaged with which data types?
• Which data type would a back office operations unit rely on for corporate actions events?
• Historical/time series data is primarily used for which purpose?
• What best describes the difference between a batch download and a real-time broadcast feed?
• What does Symbology refer to in market data?
• Last Price is defined as:
• Which term describes a price and size at which an investor will buy or sell, typically away from the market?
• Economic fundamentals include which elements?
• Which term describes an instruction from an investor to buy or sell?
• Which weighting method assigns weights based on price rather than market value?
• Per user based pricing models can be controversial for which reason?
• ISIN is used worldwide to identify specific securities such as bonds, stocks (common and preferred), futures, warrants, rights, trusts, commercial paper and options. Which option best reflects this scope?
• Market data inventory management systems provide a useful function in which of the following?
• Which data type would a compliance function rely on to monitor risk exposure across assets?
• Which of the following is a provider of historical/time series data?
• End of Day Pricing is best described as:
• What best describes clearing and settlement in a trading environment?
• Indices are considered useful representations of a market or sector as a
• Which function is most associated with clearing and settlement?
• Which of the following is NOT listed as market data content?
• Which components are included in Company fundamentals data?
• High is defined as:
• In regulatory filings by publicly traded companies, which item is typically disclosed to regulators?
• Which vendors are commonly associated with news services?
• The FIX protocol is best described as?
• A portfolio manager may use a market monitor to
• What is the term for a company's security that is a member of an index?
• CUSIP identifies most financial instruments, including: stocks of all registered U.S. and Canadian companies, commercial paper, and U.S. government and municipal bonds. Which statement is accurate?
• Which statement accurately describes the relationship between an account manager and a new business sales manager in a vendor team?
• Which of the following is NOT a typical function of a market data inventory management system?
• What is a defining characteristic of clearing and settlement in the trade lifecycle?
• What is the FIX protocol used for?
• SWIFT is widely known for?
• Which statement correctly describes a callable bond?
• Vendor and exchange reporting for billing and fee liability is a component of Market Data Maintenance. Which statement is correct?
• Latency is defined as which of the following?
• A contracts manager is tasked with which responsibilities?
• What does yield mean in fixed income context?
• There are no challenges when performing statistical analysis on data that includes weekends and holidays
• What do pricing engines do?
• Which of the following is a trading system used in FX markets?
• Co-location/proximity hosting is defined as?
• Derived data refers to data that is created by combining existing data into a new data set. Which of the following best describes this concept?
• A user of charting data and price history is typically engaged in what type of research function?
• Why are standards important in market data?
• Which statement about LEI is true?
• Which term stands for Volume Weighted Average Price, a metric to determine price/volume impact?
• Which term refers to the number of shares traded, commonly reported as the total share volume on a given day for a market?
• Back testing assesses performance of a trading approach by applying it to historical data rather than future data.
• Which set is commonly associated with news services, including Dow Jones and Reuters?
• Derived data is data created by which process?
• What is the sinking fund schedule?
• One of the key challenges with managing historical data include
• What is a sinking fund provision?
• Middleware services that include shared applications may
• Which data elements are typically considered static in reference data?
• Which of the following is a function of Market Data Maintenance?
• Most exchange fee models require that if a user is entitled to see data, then
• Market data inventory management systems are used for which of the following purposes?
• Corporate actions data typically include which of the following?
• What is a key responsibility of a contracts manager in market data management?
• What is a call schedule?
• Data Access Control System, or DACS, is an example of which?
• Bid / Offer / Mid-market data represents:
• Inter-dealer brokers (IDB) are specialist financial intermediaries that facilitate transactions between which parties?
• Which statement best characterizes data storage in a financial markets context?
• In a market-capitalization weighted index, how are the weights determined?
• What is YTM?
• Which term describes the quantity of shares bid or offered at a given price?
• Low is defined as:
• Which data delivery format matches end-of-day accounting use cases?
• If an index provider charges licensing fees based on the term Assets Under Management, this refers to which measure?
• Back testing is generally model-based and uses historical data to evaluate new strategies. Which of the following best describes this concept?
• Which term is the number of shares bid or offered at a given price?
• Which term is a limitation on the amount of a data stream, providing updates at intervals?
• GICS stands for Global Industry Classification Standard. It enables market participants to do which of the following?
• Derived data is data that is produced by which process?
• For what type of financial instrument would you expect investors to be interested in 'Constituents'?
• Real-time Market Data is defined as prices that:
• Common symbology comprises which of the following code types?
• Credit ratings evaluate the credit worthiness of a debtor. What does 'credit worthiness' primarily assess?
• In financial data architectures, time series data require storage designed to handle what?
• What is yield to worst?
• What is the issue date of a bond?
• Examples of ISO standards in market data would be?
• Market data can include News, Commentary. Which option is correct that this item belongs to market data content?
• Which data type is typically associated with earnings surprise data?
• In a bond, what does maturity refer to?
• The term LEI stands for?
• What is the primary purpose of reference data in market data management?
• Which firm is known for US government bonds?
• Which statement best describes back testing?
• Which term is the current bid/offer pair communicated by a market maker?
• Which of the following is a component of Market Data Maintenance?
• MISU acronym stands for which of the following?
• A closing price is typically based on
• Credit ratings are useful in determining risk and valuation of what type of asset class
• Historical data is primarily used for which activities?
• Which term denotes a limitation on the amount of data updates to the data stream?
• Which organization designation is issued by the SEC for credit reporting agencies?
• The term 'reference data' is used broadly to describe which type of data?
• Which arrangement reduces latency by co-locating with the exchange order matching engine?
• Time series data in financial markets commonly exhibit periodicities such as which pattern?
• The difference between a closing price and a valuation is
• The S&P 500 is a market-cap weighted index and the Dow Jones Industrial Average is a price-weighted index. Which pairing is correct?
• Which term is the current bid/offer pair from a market maker?
• Which items are included in exchange generated data?
• Which data source is primarily used for intraday price discovery and real-time quotes?
• What is a put option?
• A hedge fund manager would likely have market data needs similar to which function?
• Historical data is typically used for what types of research?
• Audits are typically seen as an enforcement method to ensure contractual compliance by a consumer firm because
• Pricing based on 'units of count' addresses the issue of non-display usage by stating which of the following?