Global Securities: Trading and Settlements - Level I
This intensive two (2) day course gives the participants the foundation for understanding the key elements involved in security trade flow. The main players and their roles, the different levels and impact of regulations; and the main features, attributes and means of access for the variety of instruments available to the investor are discussed and reviewed in detail. A general overview of the trade to settlement process is introduced as a precursor to Level II.

All course materials are provided. Upon confirmation of registration, the student will receive a free one-year subscription to Investment Executive, Canada's Newspaper for Financial Advisors.

Global Securities: Trading and Settlements - Level I
Day 1 Day 2
  • Brokers
  • Marketplaces
  • Industry Support Services
  • Issuers, Transfer Agents and Registrars
  • Banks
  • Investors 
  • Clearing and Settlement facilities
  • Custodians
  • Depositories
  • Regulators
Regulatory Framework
  • Provincial Legislation and Regulations
  • IIROC - Dealer Rules, UMIR
  • Registration Requirements and Exemptions
  • Exchange Rules
  • Mutual Fund Dealers
  • US and European Regulation 
  • Dealer member rules and KYC obligations
  • Suitability Requirements
  • Contrasting the different types of investors
  • Cash and Margin Accounts
  • Cost of Carry
  • The Evolution of Money
  • Cash Flow
  • Issuing and Distribution of Securities
  • Instrument characteristics, features and access: Stocks, Debt, Derivatives, Collective Investment Instruments, Structured Products

Order Processing

  • Exchange trade processing flow
  • Sources of order flow
  • When does suitability apply
  • Contrasting different Trading Relationships
  • Order Flow – Retail and Institutional
  • Order Types


  • The evolution of Exchanges
  • Current Equity and Debt marketplaces: ECN (Electronic Communication Network, ATS (Alternative Trading Systems), Exchanges
  • Trading in Options
  • Trading in Commodities
  • Transparency of operations

Life of a Trade

  • Stages of equity trade flow
  • Equity trading in a changes landscape
  • Basics of Clearing and Settlement
Global Securities: Trading and Settlements - Level I
This course should be of particular interest to:
  • Persons presently outside the industry looking to increase specific financial knowledge or seek entry to the industry
  • Operational and administrative staff, particularly settlement, corporate action and custody staff in the financial and/or securities industry
  • Investment and financial firms' IT staff
  • Investment and financial firms' program and product developers
  • Investment and financial firms' customer service representatives
  • Employees of regulatory agencies
  • Employees of custody agencies
  • Industry vendors' employees
Global Securities: Trading and Settlements - Level I

The benefit to the student is:

  • Gain a better understanding of the key participants in the industry, their role and how they interact with one another.
  • Learn who are the regulators and legislators that affect the Canadian, US and European securities industry and what are the key regulations to be aware of.
  • Understand the importance of knowing your client 's investment needs and objectives in keeping with regulatory requirements.
  • Gain a fundamental understanding of the various instruments available in today's markets.
Global Securities: Trading and Settlements - Level I
Class locations will be announced closer to the date.

Instructors:  Determined at time of scheduling

Global Securities: Trading and Settlements - Level I