After the Trade Is Made, Revised Ed. by David M. Weiss
Processing Securities Transactions

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The fully updated classic guide to the mechanics of securities processing—a must for professional investors

This third edition of After the Trade Is Made reflects the changes that have taken place in recent years as a result of new products, technological breakthroughs, and the globalization of the securities industry. Comprehensive and easy to understand, it provides brokers, operations personnel, and individual investors with definitive and up-to-the-minute explanations of each step in the trading process—from the moment a customer decides to buy or sell a security through the final requirements of record keeping. Written for both securities professionals and individual investors, whether domestic or in other countries, this new edition clearly explains the core of underwritings, new and established trading markets, transaction processing, margin, and more—while providing critical insights into the most recent wave of industry changes.

David M. Weiss, a veteran securities professional, traces the entire process of buying or selling a security, from order management to transaction processing to the final posting on the firm’s books and records. He covers the specialized attributes of each function in a typical brokerage firm, as well as their relationships with commercial banks, transfer agents, clearing corporations, and depositories.

After the Trade Is Made is the definitive resource for anyone eager to understand and confidently navigate the vast and often surprising world of securities.


About David M. Weiss

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David M. Weiss, author of After the Trade Is Made, has been in the brokerage industry for more than thirty years. He is currently a consultant, educator, and source material expert at Dunbar Associates. He was a vice-president of global operations for Goldman, Sachs & Co. Prior to that he was with the New York Stock Exchange, responsible for the trading services used by the exchange’s diversified products division. He has served on the faculty of the New York Institute of Finance since 1968.
Published August 17, 2006 by Portfolio. 544 pages
Genres: Business & Economics. Non-fiction

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