Brokers shall not reveal the identity of a counterparty unless:
A) They are forced to do so.
B) Explicitly authorised to do so by the counterparty
C) They know the counterparty very well.
D) They are asked by their senior management to do so

Question

Quizplus · Accepted Answer

Brokers should not reveal the identity of a counterparty unless explicitly authorised to do so by the counterparty. This is to maintain confidentiality and protect the interests of the counterparty. If brokers are forced to reveal the identity of a counterparty or do so without authorisation, it can damage their reputation and result in legal consequences. Knowing the counterparty well or being asked by senior management to reveal their identity does not automatically permit brokers to do so without explicit authorisation from the counterparty.

Brokers Shall Not Reveal the Identity of a Counterparty Unless