Livestreamed
Live sessions: 26, 27 June, 3 & 4 July
14:30 - 18:00 CEST | Time Zone Converter

Course access period: 3 months

         

OVERVIEW
COURSE SYLLABUS
COURSE DETAILS

Summary

The Technology & Innovation in Financial Markets course is intended for anyone seeking to explore how technology is transforming financial markets through innovations in data, automation, and AI. Participants will examine key developments across the four pillars of change: Data, Processes, Products, and People. Practical applications in capital markets primary, secondary, and repo markets—such as automated bond issuance, DeFi, and AI-driven trading—are highlighted throughout. The programme also focuses on the skills and strategies needed to successfully navigate and lead in a fintech-driven financial landscape.

This course does not require any technical pre-knowledge; instead, it lays the groundwork for a deeper dive into digital assets and artificial intelligence in more specialised follow-up courses.


Learning Outcomes

By completing the course you will:

  • recognise key technological trends shaping financial markets, including AI, automation, and digitization.
  • be able to describe innovation across the four pillars: Data, Processes, Products, and People.
  • be able to identify and analyse key fintech applications in capital markets, including primary, secondary, and repo markets, such as automated bond issuance and AI in trading.
  • identify and discuss critical topics driving the digital transformation of the markets such as LLMs, DeFi and tokenisation
  • start to develop the essential skills needed to adapt and lead in a tech-driven financial landscape.

Who should attend?

The course is targeted at those who have a capital markets background and want to expand their knowledge of the technology sector with the ambition to understand the potential impact of new technologies in the financial business and key aspects of implementing innovative technical/digital solutions.

It serves as an essential introduction to technology in financial markets in its own right, or as the basis for more specialized studies in the direction of digital assets or artificial intelligence.
The course does not require any technological pre-knowledge.

 

Assessment

This is a non-assessed course – participants who meet minimum attendance requires will receive a Certificate of Attendance from ICMA and the ICMA Centre, Henley Business School
 

Certificate and Programme Recognition

ICMA is an FCA-approved qualifications provider, approved by the Securities & Futures Commission of Hong Kong as provider of Continuous Professional Training (CPT) and a member of the CPD® Certification Service.

This course is certified by ICMA and the ICMA Centre, Henley Business School, University of Reading.

ICMA recommends that 20 learning hours can be associated with this course, based on attended/undertaken hours of study required to successfully complete the learning outcomes.

A Certificate of Attendance will be awarded to those who meet the minimum attendance requirements for this course.

Please note that your course certificate of attendance or completion should be sufficient to satisfy any professional development requirements – if you require further evidence, please contact us at education@icmagroup.org

 

Course Trainer

Martin Hillebrand

The syllabus content is divided into several key topic areas, including:

  • The Role of Technology, Digitization, and Automation
  • Managing Data – the Basis of Automation
  • Enhancing the Data Base – LLMs for Advanced Text Processing
  • AI based Algorithms: Trading, Advisory and Assistance
  • Digital Bond Issuance Processes
  • Legal Technology: Tools and Processes
  • Decentralized Finance
  • DLT, tokenisation, digital cash and wholesale CBDC
  • AI in bond markets and regulatory developments
  • Innovation in Repo & Collateral Trading
  • Fintech & Innovation – Internal, External, Hybrid Solutions
  • What are the key skills for tomorrow?

 

 

Securities Lending & Borrowing (SLB) – The Fundamentals 
What is Securities Lending?
The Purpose: Why Do Lenders Lend & Borrowers Borrow?
Participants & Structure
Trading Strategies
Examples
SLB Trade Lifecycle - An Overview
Short Selling, Naked Short Selling
Locates, Trade Execution & Fails
Margin
Corporate Events
Billing
The Marketplace – Participants & Stakeholders
Lenders, Borrowers and Intermediaries 
Examples
The Lender’s Perspective: Motivations and Considerations
The Borrower’s Perspective: Motivations and Considerations
Global custodians
Third-party lending agents
Central counterparties
Anecdotes
SLB Trade Lifecycle
Pre-trading, Locates
Trade execution
Pre-settlement
Settlement 
Buy-ins
Mark to Market 
Margin calls
Recall/return of lent settlements
Fees & Billing
Assets & Collateral
Equity vs Fixed Income 
Fundamental collateral concepts
Margin: Purpose & use 
Types of collateral
Rehypothecation
Legal Documentation
GMSLA
Securities lending agency agreement
GMRA
Updating Books & Records
Securities bookkeeping: Definition & purpose
Importance of updating books & records
Updating books and records for lent/borrowed securities, cash and non-cash collateral, fees and rebates
SLB and Corporate Actions
Corporate actions: Overview 
Income
*Cash dividends
*Lent securities
*Short sale proceeds
*Lent/borrowed equity
Voting 
Withholding tax
Risks in Securities Lending & Borrowing 
Market Risk
Credit Risk
Operational Risk
Legal Risk
Reputational Risk 
Regulation
Introduction
EU short selling & financial transactions tax
CSDR 
Reporting to a central trade repository
Recent SLB Scandals & Controversies
The Lehman saga uncover

Livestreamed Course

ICMA's livestreamed courses are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.

Technology & Innovation in Financial Markets livestreamed sessions are delivered in four 3.5 hour sessions over the course of two weeks. You will be given access to the course materials before the live sessions, and will have access to those for four weeks from the first live session. During these four sessions you will have the option to keep working through the course materials at your own pace.

Livestreamed course fees


Members: EUR 2,100 (VAT not applicable)
Non-members: EUR 2,700 (VAT not applicable)

For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.

 


Please note:
  • All payments must be made in Euro.


Contact

Should you have any queries, please contact education@icmagroup.org.


 

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