Equities Trading and Support - Complete Trade Order Workflow
Overview of all major areas of the trade order lifecycle from buyside desk to sellside settlement, with explanations of the roles of involved departments.
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Module 1: Overview of the Equities Market
- Market participants:
- Issuers
- Investors
- Brokerage Firms
- Institutions
- Banks
- Industry Utilities and Service Organizations
Module 2: Exchange Structure
- How did we get here
- Listed (displayed) Markets
- ECN's and ATS
- Dark Pools
- NYSE Floor Brokers and Specialists
- Exchange business model
- Market Making and Montage
Module 3: Overview of Order Placement
- Orders:
- Market
- Limit
- Stop
- Held and not held
- Electronic Trading
- Algorithms
- High Frequency Trading
Module 4: Order Flow
- Buyside process OMS or EMS
- Ringdowns
- FIX Connectivity
- Sellside Order Management
Module 5: Overview of Compliance
- Trading Rules
- Limit Order Protection
- Limit Order Display
- Trade or Move
- Locked and Crossed Markets
- Short selling Mechanics-Stock Borrow
- Reg SHO
- ACT Reporting
- OATS Reporting
Module 6: Client On Boarding
- Know Your Customer
- Anti-Money Laundering
- Document Requests
- Hedge Funds
- Brokers
- Banks
- Investment Advisors
Module 7: Overview of the Settlement Function
- Middle Office
- Allocations
- Confirmations
- Affirmations
- OASYS
- Alert
Module 8: Settlements
- Fully Disclosed vs Introducing Brokers
- Prime Brokers
- NSCC
- DTC
- A Few words on Margin