Fundamentals of Brokerage Operations
Fundamentals of Brokerage Operations (Version 2.2) covers all phases of securities processing within a brokerage firm. This program illustrates how orders move from the order room to purchase and sales and finally to the Cashier’s Department and how the Margin Department monitors accounts. The program concludes with a look at current trends in the industry. Brokerage Operations was designed for beginners, but supervisors and other experienced personnel can use it to gain a better understanding of the field.
This curriculum is made up of the following modules:
- Introduction to Brokerage Operations
- Brokerage Operations Processing: The Order Room
- Brokerage Operations Processing: Purchase and Sales
- Brokerage Operations Processing: The Margin Department
- Brokerage Operations Processing: The Cashier's Department
- Brokerage Operations: Current Trends
- Brokerage Operations Processing: New Regulations
- International Operations
| Program Level | Basic |
| Prerequisites | This course has no prerequisites |
| Advance Preparation | No advance preparation required |
| Recent Revision Date | October 7, 2014 |
| Instructional Delivery Method | QAS Self Study |
| Field of Study | Management Advisory Services |
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Duration : 1 hour
- The importance of brokerage operations
- Sales and new accounts departments
- Account types
- Reading stock listings
Duration : 1 hour
- Order processing and routing
- The order form
- Basic order types
- Special orders
Duration : 1 hour
- Recordation and Figuration
- Calculating bond trades
- Comparison
- Trade-for-trade vs. systematized
Duration : 1 hour
- Buying on margin and margin accounts
- Calculating equity and debit balance
- Reg T excess and buying power
- Margin regulation
- Close out
Duration : 1 hour
- Settlement
- Trade for Trade
- Netted Balance Systems
- Funding requirements
Duration : 1 hour
- Technology
- Global back office operations
Duration : 1 hour
- Sarbanes-Oxley
- USA PATRIOT Act
- Basel II
Duration : 1 hour
- How brokerage operations are changing globally
- Different settlement periods for the various countries
- International Trade
- The role of the G30 in International Trade and Settlement
- Global Straight-Through-Processing (Global STP)