Course Code: 100

Duration: 1 day

Level: Basic

Fee: $795.00

Instructor: Charlotte Scott

CPE Credits: 7

Prerequisite: No Prerequisite Required

This one day course provides participants with a basic level introduction to the securities industry. In the post-Lehman era, as the financial markets and participants experience a sea change as a result of recent regulatory changes, it is increasingly important for new entrants to the industry to understand the "big picture". This program is intended for an audience who is interested in receiving an overview of the industry fundamentals, including products, participants, and markets.

Participants will be introduced to the main product types including equity and fixed income.  Derivatives and alternative investments will also be discussed.
The role of institutions, investment managers, bank broker/dealers, custodians, prime brokers and industry organizations such as clearing houses and centralized securities depositories will be examined.

The program will also provide insight into the structure of where these products are traded, cleared, and settled for both the exchange-based and OTC (Over-The-Counter)  markets.   Participants will also receive an overview of the regulatory environment of the industry, including the Federal Reserve, the Securities Exchange Commission, the Financial Industry National Regulatory Authority, and the Commodity Futures Trading Commission.

Topics for Discussion Include:

Introduction to the Products of the Securities Industry

• Equity
• Fixed Income
• Derivatives
• Alternative Investments
• What motivates the issuers investors in these products
• How these products are issued and distributed in the primary markets

Introduction to the Participants of the Securities Industry

• Categories of Investors: Retail and Institutional
• Bank broker/dealers
• Asset  Managers
• Investment Advisors
• Global Custodians
• Prime Brokers
• Characteristics of each participant type
• Role in the Securities Industry
• Typical organizational structures
• Relationships among participants

Industry Structure for Trading and Clearance and Settlement

• Marketplaces: Exchanges and OTC
• How trades are executed in each
• What happens after a trade is executed
• How trades are cleared and settled
• Interfaces among market participants

Regulatory Considerations

• Who are the different regulators of the industry
• What segments of the industry are regulated and how