Series 53: Alternative Trading Systems Records

Taken from our Series 53 Online Guide

Alternative Trading Systems Records

An alternative trading system (ATS) is a trading network, like a securities exchange, that matches buy and sell orders of its members, usually institutional traders that trade in large quantities. ATSs are typically registered with the SEC as broker-dealers, and when they transact in municipal securities, they must observe the MSRB’s recordkeeping requirements.

Like a broker’s broker, an alternative trading system must maintain these records with respect to its municipal

Since you're reading about Series 53: Alternative Trading Systems Records, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!