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Exam ICWIM Topic 1 Question 99 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 99
Topic #: 1
A firm acting as an agent makes money by:

Suggested Answer: C Vote an answer

When a firm acts as an agent, it executes trades on behalf of clients and earns a commission for each transaction.
* Why is Option C Correct?
* Agents do not take ownership of securities but facilitate transactions.
* They charge a fixed fee or percentage-based commission for each trade executed.
* Why Not Other Options?
* A (Profiting from the spread) # Market makers profit from bid-ask spreads, not agents.
* B (Providing advice) # Advice is provided by investment advisers, not agents.
* D (Trading against its own order book) # Agents do not take opposing positions; this applies to principal trading.
# Reference: FCA Handbook (Market Conduct Rules), CISI Wealth & Investment Management.

by Harley at Nov 06, 2025, 12:14 AM

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Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

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