This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam exam.
In this episode you will learn:
- The fundamental difference between time-based qualifiers like Day and GTC orders.
- How volume-based qualifiers like All-or-None (AON) and Fill-or-Kill (FOK) function.
- The critical distinction between AON and FOK orders, a common source of confusion on the exam.
- What the regulatory obligation of "best execution" truly means beyond just getting the lowest price.
- A simple mnemonic to remember the difference between AON and FOK orders.
For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818
![[SIE] 51, Order Qualifiers and Execution](https://artwork.captivate.fm/abe4183a-4dfa-4a03-97da-92d15c5d473d/_bZUi6Yzjq6h3zQu_ZsaQB5Y.jpeg)