Series 7: 17.5.3.1.1. Purchase And Sales Department

Taken from our Series 7 Online Guide

17.5.3.1.1. Purchase and Sales Department

Sends trade confirmations to customers after receiving orders from order room

Handles billing information—determines net amount of the transaction and credits or debits the customer’s account (net amount includes commissions or markups/markdowns and accrued interest)

Compares broker-to-broker trade confi

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