Series 7 Exam Prep: All About Order Types

Podcast: Series 7 Whisperer · capadvantage

Opublikowano: 2026-10-08

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 Systems. The text also explains specialized order types (including market, limit, and stop orders...