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New York Institute of Finance

Brokerage Operations

New York Institute of Finance via edX Professional Certificate


In this Professional Certificate program you will gain a good understanding of the trade lifecycle and how the trade settlement process relates to other parts of the broker dealer, such as finance and regulatory reporting.

We will review the industry participants and utilities such as the clearing corporations and how they are an integral part of the operations process. We will also discuss the changes in the marketplace and trade execution venues and how those changes have affected the trade settlement process.

NOTE: Completing all 3 parts and then taking the Professional Certificate Examination is MANDATORY to achieve both the NYIF Certificate of Mastery and the edX Professional Certificate in Brokerage Operations. A verified learner must pass all courses in the program with a minimum grade of 70% to earn a Professional Certificate for Brokerage Operations.


Courses under this program:
Course 1: Introduction to Brokerage Operations
Learn about brokerage operations; including the key roles and types of accounts within this field.

Course 2: The Marketplace, Trade Process, Clearing Corporations and Settlement
Learn about the characteristics of the marketplace, how to process a trade, the role of clearing corporations, and get an overview of settlement, trade processing functions.

Course 3: Introduction to Custody Servicing, Margins, and Accounting Records
Get introduced to Custody and Asset Servicing, Margins, Brokerage Accounting, Stock Records and General Ledger

Course 4: Brokerage Operations Professional Certificate Examination
Complete the required exam to earn your professional certificate in Brokerage Operations from the New York Institute of Finance.


Taught by

Stephen Zak


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