Chapter 14
Going to Market: Orders and Trades
IN THIS CHAPTER
Understanding the differences between the primary and secondary markets
Comparing stock exchanges to the over-the-counter market
Seeing the role of the broker-dealer
Looking at order qualifiers
Getting to know market participants
Part of your function as a registered rep will be to understand and explain to customers (and potential customers) how the stock market works. I designed this chapter with that in mind (along with the fact that you need to know this stuff for the SIE, of course).
In this chapter, I cover the basics of exchanges and the over-the-counter market, along with some of the active participants who help the market run smoothly (at least most of the time). Pay particular attention to the sections “Talking about order types” and “Factoring in order features,” because you’ll definitely use that information every day after you pass the SIE and co-requisite tests.
Shopping at Primary and Secondary Markets ...
Get Securities Industry Essentials Exam For Dummies with Online Practice now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
