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 53 - Mandatory Tender

Series 52 - 8.4.1. SEC Rules

Series 66 - Death Benefit

Series 66 - Registration of Investment Adviser Representatives

Series 22 - 1.2.3.1.1. Tax-Sheltered Annuities

Series 79 - A1.10.1. Composite Indexes

SIE - Trading Preferred Stock

Series 65 - 3.7.4.6 1035 Exchanges

Series 24 - Exemptions for Off-Shore Transactions: Regulation S

Series 14 - 9.1.3.3. More Filing Requirements and Review Procedures

Series 65 - 2.16.3.1. Discounted Cash Flow Analysis

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 just took and passed the Series 51 in one attempt. The Solomon materials were excellent. The Solomon simulated tests were very beneficial and were very similar to the actual 51 test. Thanks to Solomon I was well prepared to succeed. When I was taking the actual 51 exam, I did not encounter any surprises that I was not prepared for. Solomon seems to have it very well covered. My method for success? I read the book chapter by chapter, taking the chapter practice tests along the way. I saved the questions I missed for review later. I then went through the book a second time using the same method. After reviewing the questions I had missed on the smaller exams, I started taking the timed simulation for the test. Again, I reviewed the questions I got wrong, making sure I understood the reason for getting it wrong and what the right answer should be. I did this review of missed questions every time I took the simulated exam. I took the simulated exam five or six times, getting scores in the low 80s. This method prepared me to take the real test which I passed on my first attempt. I highly recommend both Solomon and this study method for taking the 51. Good luck all future test takers!!!!

Jason Smith, Primerica, Duluth, GA

I passed the Series 26 today with a score of 82%. Your exam simulator helped tremendously.

Ray Pecharich, Primerica, Sarasota, Florida

Thanks to Solomon I was able to pass the SIE, Series 7, and Series 63, great study material if you put the hours in!

Xavier Mata, Cabrera Capital Markets. Chicago, IL

I got my undergrad degree in musical theater, never having studied or practiced anything regarding securities. I've been working as an actor over the last 10 years, and figured the Covid-19 quarantine presented an opportunity to learn something new. Solomon took me from knowing NOTHING about securities to passing the SIE on the FIRST TRY! I finished in under an hour and felt extremely confident about the entire test. I read every chapter twice, watched all the video tutorials, listened to the audiobook while driving, and took a large amount of practice exams. Do this - and you will be over prepared - I promise. I will absolutely be using Solomon again for any top-off exams!

Corey Cott, Philadelphia, PA

This program and study prep is amazing. I took and passed my SIE on the first attempt. If you follow the study guide you should be fine. I got to tell you I have never passed a test on the first go. Thanks, Jeremy! I appreciate all your tips and help you posted on the feed. It was all very beneficial to my success.

Tyrone Foster, Hall Labs. Provo, UT