Series 24: 5.9.3.2. Reporting System For Bonds

Taken from our Series 24 Online Guide

5.9.3.2. Reporting System for Bonds

Unlike stocks, bonds are not generally traded on exchanges. Instead, bond trading takes place directly between broker-dealers, banks, mutual funds, and other market makers in a decentralized, over-the-counter market. Bonds have not been well suited to exchange trading because they are less uniform and more varied than stocks. A large corporation might have dozens of different bond issues. In addition, there are government and agency bonds, corporate bonds, municipal bonds, mortgage and collateralized debt obligation bonds, and foreign bonds.

The Transaction Reporting and Compliance Engine (TRACE) is FINRA’s automated system for reporting trades in OTC debt securities. TRACE does not accept quotes or execute trades; it only reports completed trades. Both the buy and the sell sides are required to report TRACE trades. The trades must be reported within 15 minutes during normal business hours. If the report is made within the 15-minute limit, it will be displayed immediately. Tr

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 5.9.3.2. Reporting System For Bonds, you might also be interested in:

Series 65 - Basic Charts and Patterns

Series 65 - 7.1.1.1. Auction Market

Series 7 - 12.5.6 Prohibitions on Spinning

Series 51 - Customers

Series 6 - 6.3. Life Insurance

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

After trying numerous study materials, Solomon was the key to pass my Series 24. The live class was a perfect complement. Thank you Karen for your assistance!

Marie, Miami, FL

I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!

Steven Eisner, Penn Mutual/HTK, Hauppauge, NY

Between September 18 and December 3, I took exams for the Series 62, 63, 6 and 24. I studied for everything with Solomon, and passed them all on the first try. Solomon’s interactive/Ask the Professor teaching method was extremely helpful in grasping the necessary concepts. What a relief to be done. Thanks, Karen!

Karen H, Dalkeith Group, High Falls, NY

I watched the videos twice, took notes from them, and took hundreds of practice problems. The test simulator was the best part of the program. I found it helpful that you could go back and look at the questions you missed and use them to help refine what to study. I definitely would recommend the program. Get 85%+ on the practice and you should pass the 24.

Kris Nyden, Seattle, WA

Even though there is no such thing as a guaranteed success in the securities industry, there is a likelihood of strong returns if you are able to make the right risk / reward choices at the right time.

If you are taking a test one of those choices is Solomon materials. Just follow their guidance. It worked for me, 3 times in a row, 7, 63, 24!

Eric Altmann, New York, NY

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, Texas