Lifecycle of a Trade – Foreign Exchange


What happens after the trade is made? From the inception of a customers’ order to the settlement of the trade, operations play a vital role. Operations covers a wide variety of areas and topics including: trade execution and capture, trade enrichment, trade validation, transaction reporting, trade settlement, settlement failure, safe custody/safekeeping, custodians, corporate actions, and reconciliation.

  • Date: TBD 2023
  • Recommended CPE Credits: 2.4
  • Duration: 2 Hours
  • Time: 2:00-4:00 p.m. ET


Product Information


This program introduces participants to the trade lifecycle for foreign exchange trades. Participants follow the sequence of activity that occurs “behind the scenes” on trade date once an FX trade is executed through the final exchange of currencies on settlement date.

Course Objectives

By the end of the course, participants will be able to:

  • Recognize how FX trades are executed among brokers, dealers, their customers and inter-dealer brokers including:
    • Spot, Options, Swaps, Futures and Forwards
  • Identify the critical functional areas related to moving FX trades forward to settlement, including confirmation and clearance
  • Identify services provided by CLS Clearing and SWIFT messaging

Suggested Prerequisites:

  • Foreign Exchange or equivalent knowledge

Program Level: Foundational

Target Audience: Anyone who wants to learn about the lifecycle of a foreign exchange trade, such as staff from IT, operations, compliance, legal, middle office, or HR, and regulators who work closely with various aspects of the FX market.

Advance Preparation: None

Computers and Financial Calculators: N/A

Recommended CPE Credits: 2.4

Duration: 2 hours

Time: 2:00-4:00 p.m. ET

Price: $279/learner