"A Day in the Life of a Trade" workshop to become ideal introduction or refresher course for both new and existing industry participants, covers off market manipulation and insider trading
GBST Holdings Limited (ASX: GBT), a global provider of securities transaction and fund administration software for the financial services industry, announces the establishment of "A Day in the Life of a Trade" workshop with the Stock Brokers Association of Australia. The operationally-focused workshop will educate both new and existing industry participants on the evolution of share and derivatives trades from order to settlement, as well as address regulatory requirements, obligations of licence holders and prohibited conduct and market manipulation issues.
GBST Holdings (GBST) develops award winning IT platforms and provides specialist services for the global banking, finance and insurance industries. For the past three decades it has specifically tailored its IT platforms and solutions to meet the needs of the Australian Stock Broking industry. Today its Australian market-specific solution, GBST Shares is the most widely-used back-office equities system with over 65 percent of the market benefiting from GBST Shares' business efficiencies.
According to Denis Orrock, Chief Executive for Capital Markets, GBST :"GBST has a sound understanding of what it takes to build an effective stock broking operation from both an operational and support perspective. We welcome this alliance with the Stockbrokers Association of Australia to launch the "A Day in the Life of a Trade" workshop. It is a more effective option to have all industry players understand the requirements of the market in order to achieve the efficiencies and professional standards that further benefit Australian investors," he said.
The face-to-face course agenda covers the process of the evolution of share and derivative trades from order placement to settlement and reporting requirements, together with the obligations of licence holders. Market manipulation and other prohibited conduct, including insider trading will be covered.
"The launch of the first "A Day in the Life of a Trade" workshop supports our mandate with the ongoing education of our industry colleagues and continues to discuss industry-wide issues impacting us all," outlined David Horsfield, Managing Director & CEO, Stockbrokers Association of Australia.