The Marketplace, Trade Process, Clearing Corporations and Settlement

Online Course

edX
The Marketplace, Trade Process, Clearing Corporations and Settlement

What is the course about?

The Marketplace, Trade Process, Clearing Corporations and Settlement
The course The Marketplace, Trade Process, Clearing Corporations and Settlement is an online class provided by NYIF through edX. The skill level of the course is Introductory. It may be possible to receive a verified certification or use the course to prepare for a degree.

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.

Course description

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.

Prerequisites & Facts

The Marketplace, Trade Process, Clearing Corporations and Settlement

Course Topic

Economics and Finance

University, College, Institution

NYIF

Course Skill Level

Introductory

Course Language

English

Place of class

Online, self-paced (see curriculum for more information)

Degree

Certificate

Degree & Cost

The Marketplace, Trade Process, Clearing Corporations and Settlement

To obtain a verified certificate from edX / NYIF you have to finish this course or the latest version of it, if there is a new edition. The class may be free of charge, but there could be some cost to receive a verified certificate (300.00 USD) or to access the learning materials. The specifics of the course may have been changed, please consult the provider to get the latest quotes and news.
NYIF
The Marketplace, Trade Process, Clearing Corporations and Settlement
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School: NYIF
Topic: Economics and Finance