Electronic Trading and IDB Platforms

In-person teaching Classroom
Exclusive online content Webinar

The aim of this Electronic Trading and IDB Platforms course is to provide the learners with the knowledge and skills in order to utilise electronic trading platforms.

Participants will study and analyse the different methodologies available in the marketplace with particular focus on IDB platforms.

Suitability

This course is for individuals relatively new to financial markets and graduate entrants and Operations and Compliance teams wishing to understand platform trading practices.

Ideally, Financial Markets graduates should have some exposure to the Front Office and market negotiation and have an understanding of Bid/ Offer spreads.

Learning Outcomes

  • At the end of this course participants will be able to:
  • Understand the nature of a hybrid marketplace
  • Define platform functions and methodologies, to include:
  • Whiteboards
  • CLOB
  • RFQ
  • Volume Matching
  • All Day Matching
  • Trade and interact on these platforms
  • Examine the differences in these protocols
  • Analyse how to use the functions to best advantage
  • Understand the use and importance of other functions:
    • STP
    • APIs
    • Data
  • Recognise and understand compliance factors and regulation of the platforms

Course Content

  • Hybrid Market
  • Introduction to the changing marketplace
  • Opening Questions and discussion
  • History and emerging methodologies
  • Market preferences across asset classes
  • The importance of liquidity
  • Whiteboards and CLOB
  • Whiteboard facilities and uses
  • CLOB activities – electronification of market negotiation and execution – mock ups and activities
  • RFQ (RFI)
  • Understanding the role of RFQ in the IDB market and for end users
  • Functionalities and permutations
  • Volume Matching
  • Volume Matching Principles
  • Role Play and Activities
  • Participation instruction
  • Further Analysis
  • Presentation and Group Session to examine different rules and permutation
  • All Day Matching
  • Follow on from VM Analysis – further scenarios
  • Combination with other methods in combined platforms
  • How they interact and influence each other
  • Compliance
  • Regulation
  • MiFID Venues
  • Execution or IOI
  • Further Facilities
  • STP – processing, reporting and risk management
  • APIs – Interaction with your trading systems
  • Data Provision

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90%

of a cohort was promoted within 2 years after participating in an Alpha course.

96%

of participants felt more confident in their role, following an Alpha commercial leadership course.

Why study with Alpha?

Innovation and creativity born from experience

We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

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We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

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Quality and innovation, using current market and industry best practices, have made us a trusted partner in delivering dynamic and motivating training for the financial and capital markets. Our programmes are generation proof and responsive to evolving learner needs and styles. Our solutions use a multi-stakeholder engagement strategy that expands beyond relationships between the learner and learning provider. We create connections with managers, peers and the wider business to drive impactful return on investment..

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