Market Structure · Requested
Trade Lifecycle Interview Walkthrough
Front-to-back path of an equity trade for interviews: order, execute, confirm/affirm, clear, settle T+1, and where breaks show up — with the vocabulary interviewers expect.
Step 1 of 7 · Overview28 min read ·
Key idea
Prereqs: Market structure basics; order types. Next: Fails, buy-ins and partial settles. Sources: SEC T+1 transition (US equities May 2024); DTCC/NSCC overview materials; standard front/middle/back-office split. Interview framing, not formal procedures.Next: 1. Say the chain out loud