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After the Trade is Made: Processing Securities Transactions, Second Edition

After the Trade is Made: Processing Securities Transactions, Second Edition

(Hardbound )
by David M. Weiss  
Language: English
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Book Summary of After the Trade is Made: Processing Secu...

(Hardbound )

From the Publisher

This third edition of After the Trade Is Made reflects the changes that have taken place in recent years as a result of new products, technological breakthroughs, and the globalization of the securities industry. Comprehensive and easy to understand, it provides brokers, operations personnel, and individual investors with definitive and up-to-the-minute explanations of each step in the trading process-from the moment a customer decides to buy or sell a security through the final requirements of record keeping.

Written for both securities professionals and individual investors, whether domestic or in other countries, this new edition clearly explains the core of underwritings, new and established trading markets, transaction processing, margin, and more-while providing critical insights into the most recent wave of industry changes.

David M. Weiss, a veteran securities professional, traces the entire process of buying or selling a security, from order management to transaction processing to the final posting on the firm's books and records. He covers the specialized attributes of each function in a typical brokerage firm, as well as their relationships with commercial banks, transfer agents, clearing corporations, and depositories.

After the Trade Is Made is the definitive resource for anyone eager to understand and confidently navigate the vast and often surprising world of securities.



Editorial Reviews -

After the Trade Is Made

From the Publisher

This third edition of After the Trade Is Made reflects the changes that have taken place in recent years as a result of new products, technological breakthroughs, and the globalization of the securities industry. Comprehensive and easy to understand, it provides brokers, operations personnel, and individual investors with definitive and up-to-the-minute explanations of each step in the trading process-from the moment a customer decides to buy or sell a security through the final requirements of record keeping.

Written for both securities professionals and individual investors, whether domestic or in other countries, this new edition clearly explains the core of underwritings, new and established trading markets, transaction processing, margin, and more-while providing critical insights into the most recent wave of industry changes.

David M. Weiss, a veteran securities professional, traces the entire process of buying or selling a security, from order management to transaction processing to the final posting on the firm's books and records. He covers the specialized attributes of each function in a typical brokerage firm, as well as their relationships with commercial banks, transfer agents, clearing corporations, and depositories.

After the Trade Is Made is the definitive resource for anyone eager to understand and confidently navigate the vast and often surprising world of securities.

Features -

After the Trade Is Made

  • Table of Contents

Table of Contents

  • IOverview of the industry1IIProducts that we offer27IIIThe marketplaces and order management135IVThe trade-processing system199VMargin271VISettlement329VIICustodial services373VIIIRole of the banks389IXCash accounting397XBrokerage accounting411XIStock record419XIIGeneral ledger437XIIIRegulatory reporting445XIVConclusion453


  • Synopsis

    Written for both securities industry personnel and individual investors, this new edition of After the Trade is Made reflects the latest changes in the industry - in terms of new products like swaps and collateralized mortgage obligations and how they are processed.

    It takes you step by step through the entire process of buying and selling a security, from the sales office where the account executive writes the order ticket..to the order room...trading floor...and back again.

    Along the way it clearly explains the specialized functions and activities of each department in a typical brokerage firm, from the order room to the proxy department; and provides essential background information on everything from underwritings and the over-the-counter market to the role played by commercial banks in international trade.

    For example, this complete guide to back office operations:

    *Shows what's involved in opening a new account and how to correctly handle transactions in individual cash, margin, joint, and power of attorney accounts

    *Illustrates how to enter market, limit, stop, spread, and other types of orders

    *Supplies real-world examples of how to calculate a bond's nominal and current yield and yield to maturity, determine a customer's excess and buying power in a margin account, and handle other kinds of brokerage math computations

    *Details how to execute stock exchange orders on a priority, precedence, and parity basis

    *Explains the differences between firm, subject, and inside quotes in the OTC market and how NASDAQ orders are placed and processed

    *Gives you key details on common and preferred stock, corporate bonds and notes, U.S. Treasury securities, rights and warrants, commercial paper, CD's, options, futures, mutual funds, and other types of securities

    *Describes the settlement of trade in foreign markets, including the United Kingdom, Germany, Japan, Hong Kong, and the procedures of the two major international settlement facilities in Europe (Cedal, Euroclear)

    *Provides examples of key forms and documents, from a page in a specialist's book to a regular way purchase contract and an odd lot order form

    What's more, easy-to-follow flow charts make crystal clear the workings of the order room, purchase and sales department, margin department, cashiering department, accounting department, dividend department, proxy department, and the new accounts and stock record function.

    Fully updated and expanded, After the Trade is Made is now more useful and relevant than ever.


    About Author:

    Biography

    David M. Weiss has been active in the brokerage industry for more than thirty-five years. Currently an independent consultant and lecturer, he was formerly the director of business, industry, and product training for a major international investment bank, vice president of new products for a primary marketplace, and chief operations officer of a broker dealer as well as holding other management positions.



    Special Features:

    After the Trade Is Made

    • Table of Contents

    Table of Contents

  • IOverview of the industry1IIProducts that we offer27IIIThe marketplaces and order management135IVThe trade-processing system199VMargin271VISettlement329VIICustodial services373VIIIRole of the banks389IXCash accounting397XBrokerage accounting411XIStock record419XIIGeneral ledger437XIIIRegulatory reporting445XIVConclusion453
  •  

    Details Of Book : After the Trade is Made: Processing Secu...

    Book: After the Trade is Made: Processing Securities Transactions, Second Edition
    Author:  
    ISBN: 0131776010
    ISBN-13: 9780131776012
    Binding: Hardbound
    Publishing Date: 1993-10-26
    Publisher: Pearson Education
    Number of Pages: 512
    Language: English
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