• Editorial Board, F&IC

Finatic QuizWeek 1

Question 1

X is a controversial computerized trading practice offered by some stock exchanges. X uses highly sophisticated high-speed computer technology to allow traders to view orders from other market participants fractions of a second before others in the marketplace. This gives flash traders the advantage of being able to gauge supply and demand and recognize movements in market sentiment before other traders.

Opponents of X criticise it for harming market transparency. It was made widely known to the public in a book by Michael Lewis, criticising traders who engage in X.

Question 2

X is a website devoted to Y education based in Edmonton, Canada. It was started in 1999 by Cory Janssen and Cory Wagner. It has changed hands a fair few times, being purchased by Forbes in 2007, ValueClick in 2010 and IAC in 2013. The word X is partially derived from the word Y.

Question 3

In 1996, while in prison, X wrote an autobiography titled Rogue Trader. A review in the New York Times stated that it was "a dreary book written by a young man very taken with himself but it ought be read by bank managers and auditors everywhere." X was responsible for the collapse of Y, London's oldest merchant bank, as X single-handedly lost millions of pounds trading on the Singapore futures market.

Question 4

Began under the name ‘Picaboo’, it was started by Xand Y for Y’s product designing class at Stanford University. Unfortunately, Y was chucked out the company and recently reached at an undisclosed settlement with the company Facebook and Google tried to acquire the company but the offers were declined. Name X, Y and the present name of the company.

Question 5

X is an American banker best known as the former Chairman and Chief Executive Officer of Y. Fuld had held this position since the firm's 1994 spinoff from American Express until 2008 (the longest tenured CEO on Wall Street). A Jew by birth, X was commonly called the ‘Gorilla’ for his competitiveness.

Question 6

X, The founder of The Wall Street Journal made another contribution to the understanding of money by creating the Y index. ID X and Y

Question 7

X is an acronym used in economics and finance, originating in the 1990s to refer to the weak economies of four European nations. The term was popularised during the Eurozone crisis in the late 2000s, with the addition of another country, as the governments of these nations were especially heavily in debt, and drew the ire of the more economically sound European nations. ID X.

Question 8

X was a British Bank and a victim of the credit crisis of 2007. It is most notable for suffering the first bank run in 150 years that same year. The bank failed to find a commercial buyer and was taken into public administration, before being bought by Virgin Money in 2012. Hint : Michael Owen, Alan Shearer and Tim Krul

Question 9

X is and has been for many centuries the financial and commercial centre of Venice. It is also known for its markets and the X Bridge across the Grand Canal.

•X is prominent in literature as well. In the Merchant of Venice, Shylock and Solanio ask the question, " What news on the X?", a rather famous Shakespearean quote.

Question 10

A was the founder of the firm X and the older brother of B, the founder of a similar firm Y. The two brothers were partners in a company named Gebrüder Z Schuhfabrik(Z represents an unknown) but became rivals during WW2 and later split in 1948 to form their own companies, which are currently rivals as well. ID A and X. B and Y are easy.

The answers to these questions will be revealed next week. Till then give this your best shot!