This course is designed to provide an overview of the lifecycle of a trade in fixed income and equity securities, from the inception of an order through confirmation, clearing, and settlement. The roles of industry utilities, such as clearing houses and settlement agencies, for cash securities are highlighted.
By the end of the course, participants will be able to:
- Identify the critical functional areas related to the lifecycle of a trade from the inception of an order through the confirmation, clearance, and settlement of the trade.
- Identify the gatekeeping functions and controls provided by the middle and back office as part of Operations.
- Analyze the components of the financial markets’ infrastructure, such as exchanges, clearing houses, and securities depositories that support the lifecycle of a trade.
- Gain perspective on the roles and relationships among broker/dealers, retail and institutional clients, investment managers, and custodians .
Suggested Prerequisites: None
Program Level: Foundational
Target Audience: Anyone who wants to learn about capital/financial markets, such as staff from operations, IT, legal, compliance, middle office, or HR, and regulators who work closely with various aspects of the capital markets.
Advance Preparation: None
Computers and Financial Calculators: Computers or tablets for viewing and accessing the electronic documents. Calculators are not required.
Recommended CPE Credits: 2.4
Duration: 2 Hours