Рет қаралды 78,539
Front Office, Middle Office & Back Office
A trade is the conversion of an order placed on the exchange which results into pay-in and
pay-out of funds and securities. Trade ends with the settlement of the order placed.
The following steps are involved in a trade’s life cycle:
1. Placing of Order
2. Risk management and routing of order
3. Order matching and its conversion into trade
4. Affirmation and Confirmation (only for institutional deals)
5. Clearing and settlement
NISM Mock Tests - modelexam.in/n...
NISM Study Material - modelexam.in/n...