Lesson 01 · trade
What the execution record captures
At the moment of execution, the record thickens. This examines what a venue is obliged to capture, and what a reconstruction later depends on.
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Lesson 02 · trade
The trade record and its identifiers
The identifiers that name an executed trade — the counterparties, the instrument, and the codes that let two sides be paired and a reconstruction hang together.
Lesson 03 · trade
How the trade record is reported
Once a trade is named, its record has to be reported. This traces where it goes — a trade repository for derivatives, transaction reporting or the Consolidated Audit Trail for equities — and why the route differs by instrument.