Course Category

Brokerage Operations - Online

Brokerage operations covers all phases of securities processing within a brokerage firm. This curriculum illustrates how orders move from the order room to purchase and sales and finally to the Cashier's Department and how the Margin Department monitors accounts. The course concludes with a look at current trends in the industry. Brokerage operations was designed for beginners, but supervisors and other experienced personnel can use it to gain a better understanding of the field.

Please note that this is a curriculum of individual course modules. You will need to pass each module exam in order to qualify for a certificate of completion.

This is an asynchronous eLearning program that can be accessed 24/7 from any internet enabled computer. Access is for 91 days.

• Recognize the importance of brokerage operations
• Identify the responsibilities of the broker
• Define the different kinds of customer accounts
• Identify the appropriate type of account for each customer
• Identify the responsibilities of the New Accounts Department.
• Identify how orders are received, tracked, and routed to the appropriate markets
• Identify the types of orders and how they are implemented
• Recognize how transaction details are tracked after the trade is executed.
• Recognize how trades are recorded
• Calculate the net amount due to a customer from a trade
• Identify how trades are compared, reconciled confirmed, and booked.
• Recognize margin accounts and the regulations affecting them.
• Identify how margin accounts are used to purchase securities. Identify why positions are closed.
• Recognize how delivery of securities is conducted.
• Identify how settlement is performed using trade-for-trade and netted balance systems.
• Recognize how firms meet funding requirements through bank loans, stock lending, and repurchase agreements.
• Recognize how technology has automated back office procedures.
• Identify how brokerage operations are changing globally.
• Define how competition and technological advances are consolidating the financial services industry.