Securities Operations: A Guide to Operations and Information Systems in the Securities Industry

Securities Operations, Second Edition covers not only operations procedures but it also describes the full range of information systems available to support trading, sales, and operations. Its expert guidelines, insight, and advice will help you provide back-office support for cashiering, transfer, margin, and branch office operations; plan, manage, and enhance data processing systems to support trading, sales, and operations; support new products, reduce operations expenses, develop reporting mechanisms for regulatory authorities, and reduce risks from clearing and settlement; determine training needs for operations and systems personnel; integrate operations and systems efforts with sales and trading objectives; and much more. Most important, this Second Edition provides a practical and detailed analysis of the major changes in securities operations brought about by "Trade Date +3". It describes what transactions are included and excluded in the new rule... its impact on operations in securities firms, banks, clearing corporations, and depositories ... how to plan and prepare for the new rule ... changes in U.S. clearance and settlement procedures ... implementation of a Same Day Funds Settlements System ... regulatory issues ... and other details that are crucial to the successful implementation of T + 3. What's more, this new edition also provides expanded coverage of international operations and information management, including changes in tax regulations and in clearance and settlement procedures. For all operations and systems professionals involved in securities processing - including operations executives, systems managers, transfer managers, cash management personnel, branchoffice managers, and sales trading personnel - Securities Operations, Second Edition will be an indispensable reference source now and in the years to come.