Series 24: Trade Reporting And Dissemination

Taken from our Series 24 Online Guide

Trade Reporting and Dissemination

Once a trade is executed, the Market Center reports it to NASDAQ’s Automated Confirmation Transaction System (ACT), which “locks in” the trade and sends its details to a clearing house for final settlement. Transactions must be settled (funds paid and securities delivered) by the second business day after the date of the contract, unless the parties to the contract expressly agree t

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I passed my Series 24 with two weeks of nearly full-time study, using the textbook, the online class, and the exam simulator. The textbook was very readable and helpful in providing complete explanations, as well as helpful memorization tips. The online class and pre-recorded sessions were crucial to get through all of the material and put it in relative context. It was helpful to be able to have questions answered instantly and via email afterward. The online simulator questions were just like the exam questions, and the immediate feedback function was essential for learning from the practice quizzes and exam. I needed every minute of my study and practice time to count, and Solomon Exam Prep made it possible. Thank you!

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