This course will provide a broad understanding of securities processing within the U.S. Markets. It is intended for new hires or for people who desire a more complete picture of how the trade process works from order entry, trade execution and settlement, through asset servicing.
All securities processing functions will be covered in detail from both the brokerage and the custodian perspective. The course begins with a general overview of the markets and its participants. It will take you through the full trade cycle, including the roles and relationships of the various entities such as broker/dealers, investment managers, custodians, and depositories. The course will also touch upon the current securities processing trends and discuss the future of security processing and the potential for centralizing the core activities of various types of organizations.