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CIRO Daily Challenge — September 6, 2026 | EnCiro | EnCiro

Daily Challenge/September 6, 2026

🔥 Daily ChallengeISEExecution and market integrityEasy

When comparing the business models of Canadian institutional firms, which statement correctly identifies a primary revenue source?

4 attempts · 50% correct

Buy-side firms typically earn revenue through management fees and performance fees.Correct

Sell-side firms generate revenue primarily from management and performance fees.

Buy-side firms generate the majority of their revenue from capturing the bid-ask spread.

Both buy-side and sell-side desks earn the majority of their revenue from underwriting fees.

Why

Buy-side firms, such as asset managers, charge fees based on assets under management (AUM) or performance, rather than commissions.

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