Quote Requests

Short description

Get assessed and challenge your competences as potential trader or dealer.

Capacity

You act in the role of a trader/broker-dealer.

Task

You can start the way you please. Transact whatever you like, the way you like. At a certain stage you will be challenged. You will have to perform tasks to see whether and to what extend you can perform under pressure and whether your have a feeling for numbers
You’ll be called via telephone to provide a client or peer various requests for quote (RFQ). Upon receipt of such a request, you will have to submit your quote. Any quotation has to consist of both a bid price and ask price, whereby a maximum bid-ask spread applies.

Objective

The aim of this simulation is to assess your skills as a trader and, thus to see whether your competences are fit for purpose.

Conclusion

At the end of the simulation you will be shown the score reflecting some of your capabilities. See how you have done. To assess your performance the following rules are considered:

YOUR BID price must be lower than YOUR ASK price.
YOUR BID > MARKET BID minus the MARKET Bid-Ask Spread (at the moment of submission).
YOUR ASK < MARKET ASK plus the MARKET Bid-Ask Spread (at the moment of submission).

Traders’ competences can be modeled by FAUC (Framework for acting under uncertainty and complexity). Traders have to be creative, resilient, adaptive, alert and entrepreneurial. In addition, they have to have a feeling for numbers and be good in calculating. Besides, traders have to be decisive, they should be daring to make decisions, under pressure, and, thus, in a timely manner.

 

 

Our Labels

Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
 
 


Content & Context

Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

www.entrima.org


Conduct & Culture

MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

www.marketabusecentre.com