Inside Canada's Securities Industry
This indepth program is offered as a four (4) day course and examines the important aspects of Securities Process of Trading/Settlement/Operations/Products and Regulatory supervision. Participants go step-by-step through the process from the time of order entry through to trade processing and settlement and to reconciliation, firm reporting and regulatory reporting. The course also includes the process after the settlement of the trade, such as debt servicing and corporate actions. The operation process is taught from the perspective of both the client and street side.
All course materials are provided. Upon confirmation of registration, the student will receive a free one-year subscription to Investment Executive, Canada's Newspaper for Financial Advisors.
Inside Canada's Securities Industry

Day 1 Day 2
Product Overview
  • Equity
  • Debt
  • Derivatives

Participants in the Industry

  • Institutional vs. Retail
  • Banks (and all their roles)
  • Clearing Corporations
  • Depositories
  • Regulators
  • Vendors

Participants in a Broker Dealer

  • Broker
  • Dealer, Market Maker, Trader
  • Clearing/Non-Clearing
  • Prime Broker
  • International/Multi-national

Transaction Processing Overview

  • OMS (Order Match Systems)
  • Security Master 
  • Client Master 
  • Trade Flow and Execution 

How the Marketplace Works

  • Agency vs. Principal 
  • Workings of the market: Quote-Size
  • Types of orders: Execution, Reporting
How Trade Processing Works
  • Trade Creation and Management 
  • Comparison: CDS's Net Settlement and CNS (Continuous Net Settlement); Real Time Trade Matching, Exchanges, Best Price
  • Confirmation: Retail vs. Institutional

Margin and How It Works

  • Work of the department for margin accounts
  • Margin applications: Excess, Maintenance
  • Actions
  • Requirements 


  • Receive and Deliver
  • Seg Control
  • Clearing and Depository  Interfaces
  • Securities Lending  
  • Bank Loan
  • Repo/Reverse/Government Issues
  • Workings of the Clearing Banks
  • Wire


  • Depository
  • Custodian Bank
 Day 3  Day 4 -Morning
Corporate Action
  • Dividend Interest Processing
  • Bond Interest Processing
  • Mergers, Acquisitions
  • Tenders
  • Spin offs

How Mutual Funds are Processed

  • FundSERV 

Accounting 101

  • Assets, Liabilities, Expense, Revenue and Net Worth
  • Debit vs. Credit
  • Balance Sheet vs. Profit and Loss Statement vs. Statement of Cash Flow

Brokerage Accounting

  • Securities vs. Cash
  • Type of Accounts
  • Entry Exercise
  • Stock Record
  • General ledger

Stock Record

  • Daily Activity
  • Position Record

General Ledger 

  • Daily Cash
  • Trial Balance

Financial Reporting 
  • Balance Sheet
  • Profit and Loss Statement

Regulatory Reports

  • Net Capital
  • Customer Protection
  • MFR


  • Exam 


Inside Canada's Securities Industry
Persons that should register for this course are:
  • Persons presently outside the industry looking to increase specific financial knowledge or seek entry to the industry
  • Operational and administrative staff new to the financial and/or securities industry
  • Investment firm IT staff new to the financial and/or securities industry
  • Investment firm staff with limited knowledge of the entire operations process
  • Investment firms' counter parties at banks
  • Clearing corporation and depository staff
  • Employees of regulatory agencies
  • Institutional client personnel
  • Industry vendors' employees
Inside Canada's Securities Industry
The benefit to the student is:
  • Comprehending the steps needed to process  investment products
  • A thorough understanding of each step of the"life of a trade"
  • Fully appreciate "buy side" and "sell side" processing
  • Thoroughly understand the foundations of the back office: Stock Record and General Ledger
  • Describe how products are financed and the alternatives available
  • Thoroughly comprehend margining concepts
Inside Canada's Securities Industry
Note:  Location of classes will be confirmed closer to the date of the course.

Instructors:  Andrée Ouellet (CA, CA-IT)

BIOGRAPHY for Andrée Ouellet:
The Smarten Up Institute is pleased that Andrée Ouellet (CA, CA-IT) is an instructor for the Operations Course as she brings insight and multiple talents to the role. Her accomplishments attest to her unique ability to understand the foundations of any issue while her insatiable curiosity to understand how things work forces her to constantly seek better and easier ways to address them. 
She obtained her B.A.A. at l’École des Hautes Études Commerciales and her M.B.A. at McGill University, Québèc. She is presently pursuing her ETS Master in IT Engineering, a further testament of her need to better understand the world around her. 
Andrée’s background includes:
  • Examiner at the Montreal Exchange
  • CFO at various Investment Dealers
  • Responsible for operations and technology at different Investment Dealers
  • Currently at Penson Canada and serves as Senior Vice President, Corporate Infrastructure Management
 Her technical insights have led to the reprocess and redesign of
  • Cash Management
  • Collateral Management
  • Corporate Action
  • Accounting Methods
While her background speaks of excellence in industry experience, it is her ‘soft skills’ that make her a unique and highly regarded individual and consummate instructor/mentor.
Whilst in her roles, her executive management of and initiatives in the many systems conversions (Bond Trading/Risk Management/Accounting Systems/Operations and Trading Systems, including Dataphile, Broadridge and IBM) have been crucial to their successful outcomes.
However, Andrée’s uniqueness does not come from her practical abilities, which she has in abundance due to her ‘hands on’ approach to business, but rather from her insights into the financial business and her keen understanding of how it is to be conducted. Instruction, to Andrée, is not merely a function or role that is to be performed as a matter of fact. She is an ‘actor’ performing her greatest role and instils humour, drama and lively story telling into the mix. The student learns by example, direct experience and a sense of understanding that is only able to be imparted by instructors that have excellent credentials and keen knowledge of the subject they are teaching. She has instructed at many Investment Dealers and enjoys ‘her acting roles’ tremendously.

Of course, the fact that the student immediately understands that Andrée’s grasp of Accounting, Finance, Operations and Technology, as well as the Financial Industry in general, is excellent, allows them to feel they are in capable and knowing hands.

Inside Canada's Securities Industry