Series 14: 2.7.1. Crossing Orders

Taken from our Series 14 Online Guide

2.7.1. Crossing Orders

On the NYSE, a crossing order is when a member firm receives an order to both buy and sell the same security at the same price. When this occurs, an NYSE member firm is not allowed to immediately cross the order within the firm; they must first offer the security to the public (by announcing it on the trading floor) at $.01 higher than the bid price. If the offer is not taken, then the member may fill the crossing order.

Example:

+ Read More

More Series 14 Info

What are people saying?

Create an Account

Since you're reading about Series 14: 2.7.1. Crossing Orders, you might also be interested in:

Series 65 - 5.3.3.6. Technical Analysis

Series 66 - Liabilities

Series 28 - Restrictions and Heightened Supervision During the Appeals Process

Series 50 - Lease Revenue Bonds

Series 14 - 4.1.1. Calculating a Firm’s Net Capital

Series 79 - Depository Receipts and Global Depository Shares

Series 65 - Regulatory Risk

Series 82 - Primary Market: Issuing Corporate Securities

Series 79 - Antitrust and Other Regulatory Issues

Series 66 - Exercise

Series 66 - Communication With Clients and Prospects

Series 24 - Transacting Business on the NASDAQ

Series 51 - Rule G-39—Telemarketing Rules

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I would like to say a big thank you to Solomon for helping me pass my Series 14 exam. I took this exam the first time and missed passing by few marks. I was really sad and discouraged so reached out to Jeremy Solomon and he really took the time to talk to me and provide his guidance and advice. He also provided me with additional resources immediately to help with my second attempt. I recently passed this exam. Their study material is easy to understand and the Online Exam Simulator also has a lot of questions chapter-wise which were very helpful. Their customer service has been amazing and very responsive. Thank you Solomon. I will definitely recommend Solomon for anyone planning to take this exam.

Rachna Shah, CBRE. Beverly Hills, CA

I thought you might appreciate knowing that I passed the test with a 90 today. Thanks again for all the help and good quality material that your company has. I am very glad to have used your materials and will certainly refer others to Solomon Exam Prep. (Series 6 & 63)

Matthew Baird, Gloversville, NY

I would definitely recommend Solomon study materials. "Ask the Professor" was a great tool, and Karen answered my questions faster than I could keep up! I was easily able to pass the Series 79 sticking to Solomon's 6 week study program.

Julie B, Vancouver, BC Canada

I was having a tough time with the series 26 material. It had been 10 years since I had last studied for a test. I used other material of some big name companies that did not help me to understand what the test was asking. I purchased the Question bank from Solomon and I truly believe it is one of the reasons I was able to power through the exam. The questions were more challenging then the actual test itself which really helped me when it came to crunch time.

Ryan Schlagenhauf, Prudential, Shelton, CT

Soloman's practice exams are a powerful tool! Just passed SIE - will be looking to use their other content for the top-off exams very soon. Thank you!

John S. Clearing Firm Charlotte, NC

Recently passed the Series 24 Exam. I owe it to the Solomon Exam Prep series. The format of study and testing preparation was easy to follow and comprehend. I had taken the exam before and used study material through a different provider. It did not give me the sense of readiness in the "connection of the dots" and time-management like the Solomon series did. Such a relief to see the word PASS.

Hope Brackin, Cambridge Investment Research, Inc., Auburn, AL