Series 7: 17.5.3.1.1. Purchase And Sales Department

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