RCA0536 – Electronic Trading in Financial Markets

COURSE DESCRIPTION

Taught by instructors with decades of experience on Wall Street, Electronic Trading in Financial Markets is a comprehensive study of the impact of technology on financial market systems.

This economics and finance course provides students with a foundation in market structure (what is ‘liquidity?’) before building to introduce electronic trading fundamentals (order books) and advanced electronic trading techniques (algorithmic trading). Learners will study the history of technology in markets, the details of electronic trading protocols and the impact of innovation on market structure.

This course is broken down into 6 modules:

• Module 1: Fundamentals of Market Structure
• Module 2: Fundamentals of Electronic Trading
• Module 3: Mechanics of an Order Book
• Module 4: Advanced Electronic Trading
• Module 5: Electronic Trading in Fixed Income
• Module 6: Innovation Guidelines

Upon completion of this course, participants will receive a certificate bearing the New York Institute of Finance (NYIF) name. A NYIF certificate, highly valued in the financial industry, will bolster a resume or LinkedIn profile and prove the skills you’ve gained to potential employers.

LEARNING OUTCOMES

• Understand how financial markets functioned prior to the electronic trading era
• Identify the major events in electronic trading development
• Effectively describe the workflow of all major electronic trading protocols
• Understand how market makers and retail traders use electronic trading and buy side institutions
• Understand the characteristics of financial instruments that are traded on electronic markets & those products that do not trade electronically
• Debate the current issues regarding electronic trading and the impact on financial stability

Syllabus

Module 1: Fundamentals of Market Structure
Module 2: Fundamentals of Electronic Trading
Module 3: Mechanics of an Order Book
Module 4: Advanced Electronic Trading
Module 5: Electronic Trading in Fixed Income
Module 6: Innovation Guidelines