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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

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What is an Alternative Trading System?

What is an Alternative Trading System?

Peter Eisenhardt

30 years: Capital markets & investment banking

Not all venues to match buyers and sellers are regulated as an exchange. In this video, Peter provides an overview of alternative trading systems.

Not all venues to match buyers and sellers are regulated as an exchange. In this video, Peter provides an overview of alternative trading systems.

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What is an Alternative Trading System?

1 min 58 secs

Key learning objectives:

  • Define ATS

  • Explain the differences between ATS and a stock exchange

  • Describe how ATS have influenced trading strategies and regulators

Overview:

Alternative Trading Systems define other mediums that facilitate trades, in addition to stock exchanges. These ATS serve the same function as a stock exchange but are different in regards to its regulation, efficiency of transactions and transparency of trades.

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Summary

What are Alternative Trading Systems?

Alternative Trading Systems (ATS) are venues to match the buy and sell orders of participants, and now account for much of the liquidity found in publicly traded shares worldwide.

How do Alternative Trading Systems differ from a stock exchange?

  1. Regulation - The difference between an ATS and an exchange is that exchanges list securities, police issuer reporting and governance. Most ATS are registered as broker-dealers
  2. Efficiency - ATS are known for their technological efficiency and lower costs, and are often used for high frequency trading
  3. Transparency - ATS trades do not appear on national exchange order books. This allows trades to be executed discreetly, without adverse price movements. This type of trading is referred to as dark pools

How has ATS influenced brokers’ trading strategies?

Alternative Trading Systems have led to fragmentation, as individual securities are now traded across multiple venues. Brokers have responded by offering smart order routing and other strategies utilising technology to secure the best price across venues.

Why are regulators increasing enforcement against ATS?

Regulators have stepped up enforcement actions against ATS for infractions such as trading against customer order flow or making use of confidential customer trading information.

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Peter Eisenhardt

Peter Eisenhardt

Peter has over 30 years experience working in banking. He has held several senior positions in international investment banks. Peter is now the Secretary General of the International Council of Securities Associations

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