Learn the order-handling, market-structure, clearance, settlement, reporting, surveillance, and market-access controls a Series 24 principal must supervise.
This chapter covers the market-facing part of principal supervision: order handling, execution, market making, trade reporting, and the operational controls that connect trading activity to clearance and settlement. Series 24 expects the principal to supervise these workflows at a systems level, not merely remember that certain trading practices are prohibited.
Read the chapter in execution order. Start with order entry and routing controls, move into post-trade booking and settlement supervision, then finish with trade reporting, market-structure obligations, and the control points that catch exceptions before they become regulatory events.
What this chapter should help you do
Skill
Exam use
Supervise order handling
Recognize routing, best execution, order-entry, access, and desk-control issues.
Control post-trade workflow
Connect booking, clearance, settlement, exception, and operational-break facts to principal review.
Detect market-integrity risk
Identify trade-reporting, manipulation, market-making, and surveillance facts that require escalation.