Tutorial #16: The Securities Trade Lifecycle


Trade is one of the basic tenets of investment banking. Yet, detailed information on its lifecycle is not easily forthcoming on the web. There are of course articles available describing the same at a high level, though it seems that few agree on the exact terminologies and sequence to be used. Books on the other hand, even the eponymous ones, divert to discussing trade strategies rather than the lifecycle itself.

They key then seems to be in garnering the details of the process. Having gone through a number of sources, I can recommend the tutorial available on Udemy. It covers the lifecycle starting from trade execution, though some would prefer to start from sale or trade initiation. What's important is that it covers all the steps in sequence and builds up on the details chronologically with illustrative examples. This facilitates a far better understanding than what most words would do.

It is certainly not free, but worth its price or indeed a trial. The tutorial spans over 22 videos (with accompanying PDF files) and may take up to 4 hours of your time, if you are running it an 1x speed. I found it convenient to follow even at 1.6x, so your mileage may vary. While this may sound more of a review than a tutorial, especially compared to my other ones, I found it best to classify it as one since it is aimed at promoting learning more than anything else.

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