Introduction to Financial Markets and Market Data


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  • Level: Basic
  • Group-Live
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  • $1,295.00 US
  • Group discounts available

INSTRUCTORS

John Best and Colin Wright    Read bio

cOURSE objectives

Part 1 of this course aims to provide a comprehensive overview of the financial markets, the players within them and the assets they trade.  Delegates will gain a clear understanding of the entire markets eco-system and the inter-relationship between the market participants. The session concludes with a review of the issues and challenges facing the markets today. 

Part 2 examines the market data universe, which continues to expand, driven by newly developed securities and the increasing number of alternative venues for trading. This course unit looks at the market data itself, its sources, the users who need it and the challenges around the standards which are essential to achieving straight-through processing from the initial trade to final settlement.

  • Hours:  9:00 am-5:00 pm (registration/breakfast starts at 8:30 am)
  • Advance preparation: None

agenda

The Markets
— Evolution of Capital Markets and Securities Trading
            — Differences between Commercial and Investment Banking
 — The Role of Financial Markets today
 — The Trade Lifecycle

 Participants in the Financial Markets
— Buy Side and Sell Side
— IDBs
— Exchanges and the lesser regulated Trading Venues
— Supporting Services

 Market Oversight and Regulation
— The Supervisory Landscap
            — Governments
            — The Bank of International Settlement (BIS)
            — Central Banks
            — Types of Regulation
            — Regulators

 The Internal Functions of Financial Institutions
— Front, Middle and Back Office Functions
            — Trading, Research, Portfolio Management
            — Risk Management, Pricing
            — Clearing and Settlement
            — Direct Market Access and Auto Execution

 Major Asset Classes
— Equities
            — Stocks, Shares and Equity-linked Securities
— Fixed Income
            — Government, Municipal and Corporate Bonds
            — Asset-Backed Securities
            — Floaters, Convertibles, Islamic Bonds
— Short/Medium-Term Debt
— FX Markets
— Commodities
— Derivatives
            — Futures, Options and Swaps
            — Credit Derivatives
— Structured Products

 Issues and Challenges – The Markets
— Global
            — Basel I, II, III
— The US Markets
            — From RegNMS to Dodd-Frank
— The European Union
            — From MiFID to MiFID II/MiFIR
— Challenges in Asia
— Origins and Impacts of the Credit Crunch on the Financial Markets

End of Course Unit 1

Market Data Sources
— Contributed Data
— Exchange Data
            — Regulated Markets, Reported Data, Data Packages
            — Lesser Regulated Trading Venues
— Vendor Generated Data
            — Internal Sources, Added Value Data
— Data over the Internet
            — Financial Data Sources on the Internet
            — Advantages and Disadvantages of Internet Delivery
— Data Ownership
            — Contributed Data, Exchange Data, Augmented Data
            — Derived Data

Types of Market Data
— What Do We Mean by Market Data?
            — Data Representation and Field Structures
            — Data Packaging
— Fundamental Data
            — Company and Economic Fundamentals
            — Delivery Options
— Historical and Time Series Data
            — Types and Uses
— Valuations Data
            — Regulatory Drivers
            — The Importance of Independent Valuations
— Credit Ratings Data
            — The Uses of Ratings Data
            — Ratings Scales, Ratings Agencies
— Indices
            — Index Calculation Methods
            — Index Providers, Index Licensing
— News and Commentary
            — Types of News and Commentary, Major Providers
            — Machine Readable News
— Messaging
— Reference Data
            — Is it Market Data?
            — Instrument and Counterparty Reference Data
            — Corporate Actions

Market Data Storage
— Enterprise and Reference Data Management
— The Golden Copy

Standards: Essential for Straight-Through Processing and good Data Quality— Standards Goals for Achieving STP
— The Challenges for Standards
            — Role of ISO
— Instrument and Business Entity Identifiers
            — CUSIPs, RIC Codes, Bloomberg BSYM, LEI etc
— Data Model for Instruments
            —  ISO 20022 and the EDM Council
— Messaging Standards
            — ISO 15022 and FIX

Issues and Trends – The Data
— ECB Market utility for Securities Reference Data
— Impact of ‘Socially Responsible Investing’

End of Course Unit 2

 

In-house instruction is available.  Contact us to inquire.


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