SIE: For help memorizing the "Markets"

This may be kind of silly but it has helped me as I’ve studied for the SIE. Its a simple little mnemonic that’s easy to remember & quick to write down, taking the thought out of which secondary market is what:
1-L-E (Listed, Exchange)
2-U-O (Unlisted, OTC)
3-L-O (Listed, OTC)
4-i-E (Institutional, ECN)
Basically all I do is remember “LULI” and “EOOE”. Like i said, kind of silly but takes the “thinking” out of the secondary markets questions. Gives you a little more time for the harder questions! :slight_smile:

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Great mnemonic, I love it - thanks for sharing!

Here’s another silly version :upside_down_face:

Subdivisions of the secondary market

  • First market
    • Listed stocks trading on Exchanges
  • Second market
    • Unlisted stocks trading OTC
  • Third market
    • Listed stocks trading OTC
  • Fourth market
    • Institutions trading through ECNs

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