Canadian Securities Course (CSC) Level 1 Practice Exam

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What is the primary purpose of an Alternative Trading System (ATS)?

To provide real-time quotes
To regulate the financial sector
To facilitate automated matching and execution of trades
To offer investment advice

The correct answer is: To facilitate automated matching and execution of trades

The primary purpose of an Alternative Trading System (ATS) is to facilitate automated matching and execution of trades. An ATS is a trading system that enables buyers and sellers to meet to trade securities. It operates by automatically matching buy and sell orders based on predefined criteria without the need for a traditional exchange. This enhances liquidity and efficiency in the market by allowing for faster and more automated trade execution. Real-time quotes are generally provided by exchanges or other market data providers, regulating the financial sector is the responsibility of regulatory bodies, and offering investment advice is typically done by financial advisors or analysts, not by an Alternative Trading System.