ICMA Exam FMFQ Topic 6 Question 83 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 83
Topic #: 6

[All FMFQ Questions]

Which of the equity exchanges operates a quote-driven model?

ANYSE

BNASDAQ

CLSE

DEuronext

Show Suggested Answer

Suggested Answer: B

by Lauran at Jul 11, 2025, 09:59 AM

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Robt

1 days ago

I think the NYSE operates on a quote-driven model, but I'm not 100% sure.

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Stefania

6 days ago

Actually, it's NASDAQ because it relies on market makers to provide quotes

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Kristofer

8 days ago

I'm just going to go with the flow and pick NASDAQ. Sounds like the most logical choice, unless the exam is trying to trick us, which wouldn't be very nice.

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Lynelle

5 days ago

I think NASDAQ makes sense too.

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Ricarda

6 days ago

Just hope it's not a trick question!

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Tijuana

6 days ago

I'm leaning towards NYSE though.

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Magnolia

6 days ago

Yeah, it's known for its tech stocks.

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Milly

1 months ago

NASDAQ, for sure. The exchange with the big screens and flashing numbers? That's gotta be the quote-driven one.

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Felicitas

2 months ago

I'm not sure, but I think it's NYSE

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Winfred

2 months ago

Wait, isn't the NYSE quote-driven? I thought they had market makers and all that. Oh well, time to guess and hope for the best!

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Alonzo

5 days ago

A) NYSE

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Shelton

6 days ago

B) NASDAQ

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Norah

2 months ago

Hmm, I think the LSE also uses a quote-driven model. But I could be wrong... better double-check on that one.

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Junita

2 months ago

I agree with Jacob, NASDAQ uses a quote-driven model

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Rana

2 months ago

Definitely NASDAQ. That's the one known for its quote-driven system, right? Glad I remembered that from my finance classes!

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Jacob

2 months ago

I think it's NASDAQ

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Honey

3 months ago

I'm pretty sure it's NASDAQ, as they use a quote-driven model. The other exchanges seem to be order-driven.

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Wendell

2 months ago

Yes, NASDAQ is known for its quote-driven system.

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Janae

2 months ago

I think you're right, NASDAQ does use a quote-driven model.

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