SIX Swiss Practice Exam

Which field identifies the securities dealer subject to reporting requirements in a trade report?

Member ID Trader ID Execution time Trade type

Correct Answer:

Member ID

Explanation:

In trade reporting, you need to know which broker-dealer is responsible for the trade. The field that does this is the identifier of the member firm—the Member ID. It uniquely identifies the securities dealer in the system, so regulators know who must report the trade and who is responsible for the record. The other fields serve different purposes: the Trader ID points to the individual trader within a firm, not the firm itself; the Execution time records when the trade occurred; and the Trade type describes what kind of trade it was (buy, sell, etc.), not who the dealer is.

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