Monday, November 22, 2010

Securities Licensing Exam - Chapter 13

Finally, some test results that match how I felt while testing.

I got 12/15 on this section about the NASDAQ / OTC market.

Missed #1, 2, and 8.

pink slips are NON-NASDAQ quotes, not vice versa.

NASD traders use level two of the NASDAQ system, as well as SOES which is the small order entry system. if the order is fewer than 1000 shares they enter it themselves.

the Rules of Fair Practice govern how Dealers deal with customers. I think I said the Code of Procedure, which is how dealers deal amongst each other.

yay. next up: FIVE chapters of OPTIONS [waah waaah].

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