Introduction to Execution & Trading Platforms

This 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.


For individuals with a basic understanding of investment banking and the financial markets

Learning Outcomes

At the end of this course participants should understand_x000D_
– The dynamics of an order-driven markets and the types of orders_x000D_
– The basics of electronic and programme trading_x000D_
– How to complete trade confirmations and calculate P/L

Course Content

Order-Driven Market_x000D_
‐ A typical order-driven screen_x000D_
‐ Client costs_x000D_
The Order Book_x000D_
‐ Iceberg orders_x000D_
‐ Dealing away and best execution_x000D_
‐ Limit orders_x000D_
‐ Market or ‘at best’ orders_x000D_
‐ Execute and eliminate_x000D_
‐ Fill or kill_x000D_
Exercises: Filling in the order book for a range of order types_x000D_
Execution Platforms and Methods_x000D_
‐ Electronic trading_x000D_
‐ Dark venues_x000D_
‐ Transaction costs and slippage_x000D_
Efficient Trading Frontier_x000D_
‐ Market impact and timing risk_x000D_
Program Trading_x000D_
‐ How program trading works & typical participants_x000D_
‐ Volumes and tranching_x000D_
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.

Knowledge Exchange Evangelists

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?

Generation Proof

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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The team are so friendly and pleasant to work with, everyone is very professional and keen to help us. Building a relationship over the past couple of years helps us to feel like the Alpha team are even more able to understand our needs and provide more proactive solutions.
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