FTT Study Guide 2026

Open interest is the total number of futures contracts that are outstanding — they have been entered into but not yet closed out, exercised, or expired. Rising open interest indicates new money flowing into the market; falling open interest indicates contracts are being closed.

A yellow box junction must be kept clear. You must not enter the box unless you can see that your exit road is clear. Stopping inside the box is an offence that incurs fines and demerit points.

Market manipulation under the SFA involves creating a false or misleading appearance of active trading in, or the price of, a security. This includes wash trades, painting the tape, and other deceptive practices.

Slowing down and changing lanes early gives you and others a safe margin to pass the obstruction without causing a secondary collision.

An injured party can claim various types of damages including medical bills, loss of earnings, vehicle repair or replacement costs, transport expenses, and general damages for pain and suffering.

When onboarding institutional clients, trading members must conduct appropriate due diligence including verifying the entity's legal status, identifying authorised signatories and beneficial owners, and completing AML/CFT checks, though the process may differ from retail client onboarding.