Read in order or choose a section from the contents. All sections are open; collapse those you do not need right now.
Participants in one transaction
An investor makes a decision and sends an order to a broker. The broker checks the order parameters and routes it to an available venue under the client agreement and market rules.
For an exchange trade, the venue matches orders. After a trade, the clearing infrastructure determines each party’s obligations, while a depository records rights to the securities.
What SQIF Capital does
SQIF Capital provides brokerage services, executes client orders within the available permissions and agreement terms, produces reporting, and carries out nominee holding where the licence and service provide for it.
- A broker does not determine an instrument’s future price.
- Execution depends on order parameters and market liquidity.
- Check settlement rules and fees before placing an order.
Follow one trade through the system
Imagine an investor decides to buy a bond. First they identify the instrument and the trading terms, then submit an order through the broker. A venue may match it with another order, but that does not mean settlement has already finished.
After execution, check the broker report for the instrument, price, and quantity. Then confirm that settlement and the recording of rights have completed under the relevant market rules. An order-submission message is not proof of ownership.
- Before the order: instrument, eligibility, charges, and risk.
- After execution: status, report, and settlement date.
- If records differ: compare documents and contact support through an official channel.
Check your understanding
Answer in your own words before opening the reference answer. This is a self-check, not a knowledge assessment.
How do the participants’ roles differ?
Show reference answer
Brokerage, exchange, clearing, and custody are different functions.
Why is clicking buy not enough?
Show reference answer
A purchase ends with settlement and ownership records, not with a button press.
What determines access conditions?
Show reference answer
Access depends on the venue, instrument, and agreement.
This material is educational and does not take account of your objectives, financial position, or risk tolerance.