19-A. One of the advantages of forward markets is

a. performance is guaranteed by the G-30

b. trading is conducted in the evening over computers

c. the contracts are private and customized

d. trading is less costly and governed by more rules

e. none of the above

19-B Individuals engaging in this type of trading strategy are characterized by their attempt to profit from guessing the direction of the market?

a. hedgers

b. spreaders

c. speculators

d. arbitrageurs

e. none of the above

19-C Identify the true statement regarding the largest derivatives exchanges.

a. CME group is one of the top five largest derivatives exchange, based on volume

b. Intercontinental Exchange is one of the top five largest derivatives exchange, based on volume

c. The volume of trading exceeded one billion on each of the top five derivatives exchanges

d. Among the top 20 derivatives exchanges, several different continents are represented

e. all of the above