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Brokerage Operations Professional Certificate: Online
This course will provide you with the baseline knowledge of the entire trade lifecycle from the point of execution to clearance and settlement.
CPE Credits: 20 - The complete list of CPE courses can be found here.
Program Details (NASBA) View
| Program Level |
Introductory |
| Prerequisites |
None |
| Advance Preparation |
No advance preparation required. |
| Recent Revision Date |
February 6, 2017 |
| Instructional Delivery Method |
QAS Self Study |
| Field of Study |
Specialized Knowledge |
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Duration : 4 Hours
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Brokerage Operations: Overview
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Type of Accounts
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Client Requirements
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Customer Identification Program
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Security Types
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Types of Issues
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Processing Systems
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The Players of the Financial Community
Duration : 2 Hours 45 Minutes
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Introduction to the Marketplace
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A Timeline of the U.S. Equity Market
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Over the Counter Market
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Order Management System
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The New Order Trading Process
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Bond Secondary Markets: Discussion
Duration : 1 Hour 45 Minutes
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Trade Processing Function
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Trade Confirmation Contents
Duration : 45 Minutes
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Introduction to Clearing Corporation
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NSCC and Most Other Clearing Corps
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Option Clearing Corporation
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Government Security Division of FICC
Duration : 3 Hours
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Trade Processing Function
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Understanding Settlement
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Settlement Financing Tools
Duration : 1 Hour
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Introduction to Custody and Asset Servicing
Duration : 2 Hours 30 Minutes
Duration : 30 Minutes
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Introduction to Cash and Brokerage Accounting
Duration : 1 Hour
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Introduction to Stock Record
Duration : 4 Hours 30 Minutes
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Introduction to General Ledger
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FOCUS- Financial and Operational Combined Uniform Standard
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Supplement eLearning Courses
Duration : 1 Hour 30 Minutes
Desk-Ready Skills
- Identify the key roles of Brokerage Operations.
- Recognize the different types of accounts.
- Recognize the key tasks a client is required to perform in Brokerage Operations.
- Identify the salient features of the Customer Identification Program.
- Recognize the differences between the main types of securities in Brokerage Operations.
- Recognize the main characteristics of the various types of Issues.
- List the key components of the Security Reference File.
- Recognize the key roles of the various players within the Financial Community.
- Recognize the characteristics of the marketplace to settle and clear instruments and how it interacts with the operation process.
- Trace the evolution of the U.S Equity Market.
- Identify the difference between Dark Pools and ECNs.
- Recognize the functions of an Order Management System in the Equity Markets.
- Identify the various ways to operate a Bond Secondary Market.
- Identify the steps to process a trade.
- Identify the components of the trade processing cycle.
- Recognize the definition of clearing corporations and identify their role.
- Recognize the definition of NSCC and other clearing corporations.
- Identify the steps involved in the workings of Option Clearing Corporation (OCC).
- Identify the steps involved in the workings of Mortgage Backed
- Securities Clearing.
- Identify the responsibilities of the Purchase and Sales Department.
- Recognize the definition of Fail Control.
- Identify the causes of Fail Control.
- Recognize the steps involved in the working of the buy in process.
- Recognize the different types of financing tools.
- Identify where securities are located for custody and asset servicing.
- List the two forms using which registration of the client securities can be maintained.
- Recognize the process to transfer securities.
- Recognize the definition of a Beneficial Owner.
- Recognize the role of operational groups in the calculation of margins in customer accounts.
- List the three components of an equities market account.
- Identify the difference between a cash account and a margin account.
- Recognize the definition of a Special Memorandum Account.
- List the 3 types of calls a firm can issue.
- Recognize the definition of a Short Sale.
- Compute Option Margin.
- Recognize the purpose for Accounting and Brokerage Accounting.
- List the 5 categories of Accounting.
- Identify the definition of the Profit and Loss Statement.
- List the four categories of accounts in a brokerage operation.
- Recognize the two primary records kept in a brokerage firm.
- List the 3 ranges of accounts for a stock record.
- Recognize the purpose of the general ledger.
- Recognize the definition of the FOCUS Report.
- List the contents of the general ledger.
Securities Industry Professionals, Traders and Support Staff, Operations and Systems Staff, Research Analysts, Auditors
