Learn about the characteristics of the marketplace, how to process a trade, the role of clearing corporations, and get an overview of settlement, trade processing functions.
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What you need before starting this The Marketplace, Trade Process, Clearing Corporations and Settlement course:
Beginner-Friendly Course!
This course is designed for absolute beginners. No prior knowledge needed.
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Everything you need to know about this online course, from duration to certification
This course begins with an introduction to the marketplace. We'll learn about the characteristics of the marketplace and how it interacts with the operation process. We’ll look at the evolution of the U.S. equity market and learn how to identify the reasons why some trades take place in Over the Counter Markets instead of an exchange. We’ll also look at the functioning of an Order Management System and Bond Secondary Market trades. Next, we’ll cover trade processing where we’ll learn how to identify the steps to process a trade and the components of the trade processing cycle. In our next section, we’ll learn the definition and role of clearing corporations, NSCC, and other clearing corporations. We’ll also identify the steps involved in the workings of Option Clearing Corporation and Mortgage Backed Securities Clearing. We’ll wrap up this course with an overview of Settlement. We’ll learn the responsibilities of the Purchase and Sales Department and identify the cause of Fails and how they can be rectified. We’ll also learn the steps involved in the working of the buy in process and the different types of financing tools. This course is part 2 of the New York Institute of Finance’s Brokerage Operations Professional Certificate program.
Difficulty Level
Introductory
Suitable for motivated learners
Subject Category
Economics & Finance
Part of our Economics & Finance curriculum
Course Language
English
All materials in English
This online course offers comprehensive training with expert instruction, practical exercises, and a certificate of completion. Join thousands of students advancing their careers through quality online education.
Comprehensive Program
Professional training from $300
Pricing may vary. Check the course provider for current promotions and exact pricing.
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