Module 8: Trading Securities (Series 7 Exam)

In this module, you will explore the dynamic world of securities trading, a core area for the Series 7 Exam. Module 8: Trading Securities covers the essential principles of trading, the structure and regulation of different markets, and the roles of brokers and dealers. Designed to give you an in-depth understanding of market operations, this module prepares you to navigate both listed and over-the-counter (OTC) markets effectively.

About This Module and Its Relevance to Series 7:

Understanding how securities are traded is fundamental for anyone pursuing a career in financial services or preparing for the Series 7 Exam. This module delves into the regulation of trading, the structure of securities markets, and the roles of market participants, ensuring you’re well-prepared for the exam and professional success. You’ll learn about the Securities Exchange Act of 1934, exchange requirements, order types, and trading policies—all critical knowledge areas for the Series 7 Exam.

What You’ll Learn:

1. Regulation of Trading:
   Understand the Securities Exchange Act of 1934 and its impact on securities trading, ensuring compliance with regulatory standards.
2. Market Structure and Participants:
   Learn about securities markets, including the differences between listed and OTC markets, and the roles of brokers and dealers.
3. NYSE Euronext Operations:
   Discover the unique elements of trading on the NYSE, including exchange listing requirements, market conditions, and arbitrage opportunities.
4. Floor Structure and Order Types:
   Understand the role of specialists and designated market makers, and learn about different order types and short sale rules.
5. Regional and Domestic Exchanges:
   Explore the functions and operations of other domestic and regional exchanges to understand market diversity.
6. Computerized Order Routing:
   Study the mechanics of computerized order systems, such as the Super Display Book (SDBK), and their impact on market efficiency.
7. Over-the-Counter Market Dynamics:
   Dive into the OTC market, focusing on market makers, quotation practices, and the differences from traditional exchanges.
8. Pricing and Quotation Policies:
   Learn about pricing policies, including the 5% markup policy, and how quotes are displayed, ensuring accuracy in trading decisions.

Why Take This Module?

• Series 7 Exam Preparation: Gain comprehensive knowledge on trading securities, a crucial focus of the Series 7 Exam.
• Real-World Application: Learn how to apply regulatory standards and trading techniques directly to real-world market scenarios.
• Expert Guidance: Study with experienced professionals who provide insights into market operations and trading strategies.
• Exclusive Membership Access: This module is available only to members, providing lifetime access to updates, resources, and exclusive content for just $490.
• Career Advancement: Mastering these concepts will enhance your ability to trade securities efficiently and ethically, positioning you for professional growth.

This module is exclusively for members. Don’t miss the chance to master trading securities and excel in the Series 7 Exam. Enroll today and take control of your financial future!

Best regards,
Finra Exam Mastery