Life of a Trade - Part 2 (2023)


This eCourse consists of two modules. Module 1 describes some of the procedures where a trade can be viewed as completed, such as client onboarding, including various regulatory and compliance checks to ensure that an institution is legally permitted to retain the client. The module also explores the pre-trade planning process from a client perspective, including their motivations for trading, transaction cost analysis (TCA), and pre-trade risk controls, as well as different methods used by different clients to generate and monetize trading ideas.

Module 2 provides an overview of the execution stage of a trade's lifecycle, including trade execution in both quote-driven and order-driven mechanisms, and some of the venues and systems that handle trade execution in modern markets.


On completion of this course, you will be able to:
- Identify the procedures that need to be completed before an institution can trade with a client
- Recognize various aspects of the pre-trade planning process from a client’s perspective, and list some of the methods by which clients look to generate and monetize trade ideas
- Identify key trading mechanisms and their distinguishing features
- Name some of the trading venues and systems that enable order routing and trade execution
- Define some of the more commonly used trade orders
- Recognize a typical trade flow process in today’s markets and some of the key principles of execution


Module 1: Life of a Trade - Pre-Trade
Topic 1: Client Onboarding
Topic 2: Pre-Trade Planning

Module 2: Life of a Trade - Execution
Topic 1: Introduction to Trade Execution
Topic 2: Trading Venues & Systems
Topic 3: Order Placement
Topic 4: Order Routing, & Trade Execution


Relevant Subject
Type 1 - Dealing in securities
SFC:2.00, PWMA:2.00
Staff of Corporate Member: HK$600
All Member: HK$600
Non-Member: HK$900