Trading arrangements and practices have increased in complexity for institutional asset managers, investment advisers, private funds, and investment companies. This session will focus on the compliance issues, policies/procedures, controls, and testing related to trading.

Learning Objectives:

• Identify some of the pre and post trade compliance systems used by firms and describe how the account coding process operates
• Discuss oversight for brokerage and counterparty relationships including the review and approval, ongoing monitoring and reporting, and governance structure.
• Understand how to manage and mitigate conflicts of interest related to allocation of investment opportunities, block trading/aggregation, trade allocation, side-by-side management, principal and cross trades, directed brokerage, soft dollars, affiliated transactions, and trade error resolution
• Learn about evolving issues in best execution, derivative transactions, cross border transactions and regulatory jurisdiction (such as ESMA, FCA, etc.), the use of material non-public information (MNPI), expert networks, alternative data, access to new markets, and use of new security types or products (alternative credit and other less liquid securities)

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