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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