Instructor: Jeremiah Associates LLC
Hours: 9:00 am - 4:30 pm; Registration/Breakfast begins at 8:30 am

This highly interactive two day class tracks an order from the point that an investor makes a decision through execution, settlement, asset servicing and regulatory compliance. We begin with a review of significant events that have impacted the industry advancing to an examination of investment products and the participants in the execution and operational areas.

At the conclusion participants will be well versed with the processes associated with the activities associated with Brokerage Operations.  At the end of the class there will be a discussion of some of the evolving trends in the US markets. The instructor will present these trends and facilitate the class discussion.

Significant Events in the US market

Products: Characteristics & Features

            --Fixed Income

            --Equity

            --Derivatives

            --Funds/Trust

            --Commodities

            --Currencies   

Reference Data

            --Product

            --Internal & External Data

Participants

            --Buy-side

            --Sell-side

            --Industry Utilities

            --Industry Service Organizations

Markets

            --Regulated Exchanges

            --ATS/ECN

            --Fixed Income Markets

Order Processing/Execution

            --Order Receipt

            --Routing

Middle Office/Trade Support

            --Internal Trade Entry

            --External Trade Reporting

            --Confirmation/Affirmation

Comparison

            --Trade Matching processes

            --Providers

Clearance

            --Trade Guarantee

            --Central Counterparty

            --Novation

            --Providers

Settlement

            --Environments

            --Exchange of Value

            --Central Securities Depositories

Fail Control/Financing

            --Fails

            --Financing Alternatives & Process Flows

            --Securities Borrow/Loan

 
Inventory Controls

            --Central Securities Depository: DTC

            --Federal Reserve Bank/Clearing Banks

            --Vault: Physical securities

Stock Record

            --Books & Records

 
Income Collection & Distribution

            --Cash & Stock Events

Corporate Action Event Processing

            --Event Types & Details

            --Mandatory & Voluntary Events Processing

Regulators & Regulations

            --Regulatory Infrastructure

Trends

            --24/7 Trading

            --The Ideal Settlement Schedule: TD +?

            --The Buy-side: Evolving Demands for More and Cheaper Services     

            --Straight Through Processing