Series 7 Exam Prep: All About Order Types

Send us Fan Mail the mechanics of secondary market trading, outlining how order tickets transition from entry and execution to clearing. Broker-dealers operate either as brokers earning commissions or as dealers/market makers profiting from spreads, markups, and markdowns. Trading venues range from traditional physical locations like the NYSE, which relies on Designated Market Makers (DMMs) to maintain liquidity, to dealer-to-dealer networks such as Nasdaq and various Alternative Trading Syst...