Alternative Trading Systems Management: The practice of managing an SEC-approved non-exchange trading venue.
Collateral Transformation Services: The practice of offering cash for collateral to companies and/or funds in exchange for less liquid securities.
Correspondent Clearing: The practice of servicing non-clearing broker dealers by comparing and settling the correspondent's contra broker trades.
Day Trading: The practice of rapidly buying and selling stocks throughout the day.
Financial Planning or Investment Advisory Services: The practice of providing financial planning services and/or investment advisory services.
Intermediary for Foreign Brokers: The practice of acting as an intermediary for foreign brokers which have both domestic and foreign offices.
Mergers and Acquisition Advisory: The practice of assisting the firm's corporate clients in recommending, structuring, and acting as an intermediary in mergers and acquisitions.
Mutual Fund or Variable Annuities Distributor: The practice of distributing mutual funds or variable annuities.
Private Placements: The practice of engaging in the structuring, distribution or retailing of private placement of securities pursuant to one or more of the exemptions from registration.
Repo/ Reverse Repo Financing: The practice of selling securities together with an agreement for the seller to buy back the securities at a later date.
Research: The practice of providing economic, activity, inflation, interest and exchange rate forecasting as well as insights into policy, economic, and political trends. In addition, firms provide company and industry research as well as proprietary modeling and valuation services.
Reverse Mergers: The practice of being involved in any manner with the structuring or participation in reverse merger activity.
Secondary Trading in Non-Public Securities: The practice of trading in the aftermarket where securities and financial instruments which were issued without an initial public offering are bought and sold.
Securitization: The financial practice of pooling various types of contractual debt and selling said debt as bonds, pass-through securities, or Collateralized Mortgage Obligation (CMOs) to various investors.
Securities Lending: The practice of lending out securities for a fee.
Self Offerings or Affiliated Offerings: The practice of selling the firm's own or the firm's affiliate's securities in order to raise capital.
SPAC's / PIPE's: A special-purpose acquisition company (SPAC) allows public stock market investors to invest in private equity type transactions. A Private Investment in a Public Entity (PIPE)involves the selling of publicly traded securities to private investors.
Sponsored Access: The practice of a "Sponsoring Member" providing access to the Nasdaq Execution System ("Nasdaq") and other exchanges on an agency basis to another firm or customer.
Underwriting: The practice in which investment banks raise investment capital from investors on behalf of corporations and governments that are issuing securities.
N/A: Select this category only if the above categories do not reflect, in a broad sense, the practices of your firm.