Course Overview
Lifecycle of a Trade follows a trade from order entry through execution, clearing and settlement. The course starts with a brief description of customer onboarding and then follows an order through order entry, exchange risk controls, matching, trade confirmation, clearing, trade processing and onto the customer statement. It includes a discussion of how trades are offset and customer margin.
This course provides a foundation for future FIA Markets Academy online and virtual live courses.
Course Duration: 45 minutes
Course Pricing
Key Takeaways
Upon successful completion of the course, learners will be able to:
- Explain how a customer trade progresses from opening an account through order execution and clearing.
- Understand broker and exchange pre-trade risk controls.
- Identify common order types.
- Describe the post-trade process from clearinghouse novation through trade processing.
- Understand position management functions including final settlement, delivery and exercise and assignment and margin.
This course focuses on:
- Customer onboarding and market access.
- Types of broker and exchange risk controls.
- Types of Orders.
- The Order Book.
- Closing Prices, Settlement and Mark-to-Market.
- Delivery, Options Exercise & Assignment.
- Customer statements and margin.
The course uses videos and interactive exercises, and knowledge checks to help build and reinforce learner understanding. It concludes with a 40-question assessment.
Who Should Take This Course?
- New hires at trading firms, brokerage firms, exchanges and clearinghouses and anyone who want to learn more about the purpose of futures markets and how they operate.
- Futures Customers who want insight into the benefits of futures markets and the safeguards in place.
- Regulatory staff who are seeking a clearer picture of how the market is structured to meet industry requirements.
- Students and Interns in finance who want to gain a better understanding of this asset class.
Course Pricing
