Lesson 01 · order
Where an order begins
Before there is a trade, there is an instruction. This traces the order from the decision to trade to the point it reaches the market, and the identifiers it acquires on the way.
Start here
Begin with the order stage
New to the lifecycle? Start where the trade does — with the order — and follow the record forward as the later stages are added. It assumes nothing and skips nothing.
Begin with "Where an order begins" →The lessons
Order
Where the trade takes shape — the intent, the instruction, and the first records a trade carries.
Lesson 02 · order
The order record and its identifiers
The Legal Entity Identifier (LEI), the ISIN, the Unique Product Identifier (UPI): this explains what each is for, and how they stitch an order to the parties and instruments behind it.
Trade
The moment of execution — what the record captures, and how the obligation to evidence it is met.
Lessons in preparation.
Fulfillment
Clearing, settlement, and the reconstruction the record must support long after the trade is done.
Lessons in preparation.