Introduction to Execution & Trading Platforms

This Introduction to Execution & Trading Platforms course introduces the different types of trading platforms and order systems that can be used to match buyers and sellers. It explains the different features to order execution that can be employed and what the implications are for buyers and sellers.

Through a practical exercise, participants will be able to fill in an order book based on a range of different order types.

Finally, the course examines some of the alternative platforms that have arisen to meet the needs of market participants.


This course is for individuals with a basic understanding of investment banking and the financial markets.

Learning Outcomes

At the end of this course participants should understand:

  • The dynamics of an order-driven markets and the types of orders
  • The basics of electronic and programme trading
  • How to complete trade confirmations and calculate P/L

Course Content

  • Order-driven market
  • A typical order-driven screen
  • Client costs
  • The order book
  • Iceberg orders
  • Dealing away and best execution
  • Limit orders
  • Market or ‘at best’ orders
  • Execute and eliminate
  • Fill or kill
  • Exercises: Filling in the order book for a range of order types
  • Execution Platforms and methods
  • Electronic trading
  • Dark venues
  • Transaction costs and slippage
  • Efficient Trading Frontier
  • Market impact and timing risk
  • Programme trading
  • How program trading works & typical participants
  • Volumes and tranching
  • Exercises: Identifying appropriate trade execution approaches. Completing trade tickets and client P/L statements based on trade data


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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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