Trade Reporting
Participants executing an equity transaction must either input trade reports to ACT or browse the inputted reports and either accept or reject them. Reports must be filed within 10 seconds of execution. The contra-party must accept or decline the trade within 20 minutes of execution.
Required information for a transaction report includes the following: (1) the symbol of the security; (2) the number of shares or bonds; (3) the price of the transaction; (4) a symbol indicating whether the transaction is a buy, sell, or cross, and if applicable, short sell; and (5) the time of execution. Additional information may be required as well.
While both parties to the transaction must submit reports, only one party is assigned the specific reporting responsibilities for standard trades. See the following table for further details.
Type of Tr
VIDEO
Since you're reading about Series 24: Trade Reporting , you might also be interested in:
Please Enable Javascript
TESTIMONIALS
What are people saying?
I really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!
Jessie Urban, Securities America Inc, LaVista, NE
Just wanted to say
thank you and give you a good review. I actually found that your test questions
were harder than the actual exam and the explanations and the ability to create
tests of all of my wrong answers helped me focus on my weak areas of the exam.
I passed the first time and don't believe I couldn't have done it without your
test bank. Thanks again.
Chris Porosky, FL
3rd time is a charm and
it took Solomon to do it. None of the other materials in my first two attempts
were strong enough to enable me to reason my way to the correct answers.
Solomon's angle on this material was closest to the actual test and was the
reason I got there.
As an aside, the ongoing personal help was very
surprising and commendable. Thank you, Solomon!
Jason Bowen,
Southington, CT
I took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.
Thadius Beavers, Prospera Financial. Dallas, TX.
I passed the Series 24 on the first try with an 80%! This was the highest of all of my Series exam scores and I attribute much of my success to Solomon's amazing study materials. The practice exams are spot-on and the video lectures were a great supplement to the readings. I suggest following the study schedule Solomon provides for a successful outcome!
Katelyn H, Las Vegas, NV
I passed the 24 the first time with the help of the Solomon materials. The online course and the exams really helped focus in and clarify what was important. I've recommended them to all of my colleagues!
Corrinne Kaucher
Read more reviews
