NO.PZ2020020202000015
问题如下：
While the buy-side trader executes the BYYP trade, Harding and Yellow review ValleyRise’s trade policy document. After reviewing the document, Yellow recommends several changes: 1) add a policy for the treatment of trade errors; 2) add a policy that ensures over-the-counter derivatives are traded on venues with rules that ensure minimum price transparency; and 3) alter the list of eligible brokers to include only those that provide execution at the lowest possible trading cost.
As it relates to the trade policy document, ValleyRise should implement Yellow’s recommendation related to:
选项：
A.the list of eligible brokers.
a policy for the treatment of trade errors.
a policy for over-the-counter derivatives trades.
解释：
B is correct.
Firms should have a policy in place for the treatment of trade errors. Errors from trading and any resulting gains/losses need to be disclosed to a firm’s compliance department and documented in a trade error log. The trade error log should include any related documentation and evidence that trade errors are resolved in a way that avoids adverse impact to the client.
OTC场外衍生品的交易是在场外市场进行，不通过交易所的双边协议确实是价格不公开的，C选项好像也没说错？
对于最小化tracking error那个选项，对于主动投资者来说，不应该是最小话tracking error，而是更prefer large trackingerror吧？
