Series 7 Exam Prep - Secondary Markets. NYSE & NASDAQ Market Centers. SIE Exam and Series 65 too.

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Time stamps:
00:01 Introduction
01:45 Primary market versus secondary market
08:13 NYSE versus NASDAQ
13:28 Broker/Dealer's role in the secondary market. 5% policy.
22:37 Inverse relationship of interest rates and bond prices in the secondary market. The relationship of nominal yield, current yield, yield to maturity, and yield to call. Quoting lower of yield to maturity or yield to call (yield to worst)
42:31 OTC market for bonds. Minimum spread for corporates and munis is 1/8
51:10 Accrued interest is paid by the buyer to the seller and is calculated from the last time the bonds paid interest up to but not including settlement. 30 day month/360 day year. Settlement is T+2.
54:57 Yield to maturity or yield to call practice question
1:01:50 Convertible bonds in the secondary market
1:07:36 Treasury notes and bonds. Spread 1/32. T+1. 365 calendar.
1:11:10 T bills issued at a discount
1:14:43 OTC stocks
1:17:40 Quote of a market maker
1:19:43 Backing away
1:24:47 NASDAQ Level 1, Level 2, and Level 3
1:31:49 NYSE
1:35:55 Third and fourth market
1:36:49 QIBs, 144A, and PIPEs
1:39:49 Rule 144, control stock, and control persons