This program illustrates the complete Trade life cycle of a financial product (example – equity), role of various participants in this trade life cycle including custodians, Clearing corporations, Depositories, broker-agents, investor, exchange and regulators etc.
A typical life of a trade – with key steps viz. a) Placing the Order, b) Verifying the Order, c) Routing the order, d) Executing an order and doing checks on execution (coding, figuration & verification), e) Trade affirmation, f) Sending street side trade details to clearing corporation, g) Compute and send net settlement information and h) Settling and making the securities and cash movement
Lifetime of the Trade life cycle (across markets) and elapsed time
Key players including – Exchanges, Brokers/Dealers, Clearing house,
Custodian, Depositories and Regulators
Settlement Failure and closeout
Reconciliation, Breaks and Dispute Management