After the Trade Is Made: Processing Securities Transactions by David M. Weiss

After the Trade Is Made: Processing Securities Transactions David M. Weiss ebook
Page: 411
Format: pdf
Publisher: Portfolio Hardcover
ISBN: 1591841275, 9781591841272

Product DescriptionProviding an explanation of each step in the trading process, this updated edition covers the technological changes and developments. Indeed, FINRA Recognizing that members will require sufficient time to make necessary system changes, FINRA is proposing to delay the effective date of the new reporting requirements for six to nine months after SEC approval. Datamancer.com/cart/gallery-e… 9 hours ago; Codifying laws as algorithms. Today, OTC trading is highly automated and most transactions are reported in well under 90 seconds. After the Trade Is Made: Processing Securities Transactions. If ever there was a time for fuzzy logic. We understood from market participants that there were several types of trading platforms being used to effect transactions in security-based swaps, including security-based swap agreements that became security-based swaps on the effective date, that would likely register as security-based swap execution facilities (“security-based SEFs”) and that the use of trading platforms to effect security-based swap transactions would continue after the Title VII effective date. For stocks, the settlement period is three days (T+3) after the transaction. Gifts for the time-traveling computer scientist. This means that the buyer must transfer cash to the seller, and the seller must transfer ownership of the stock to the buyer within three days after the trade was made. This 90-second reporting requirement has been in effect since 1982, when OTC trading was primarily a manual process.