Articles about Capital Markets — exploring patterns, best practices, and real-world implementations in production systems.
8 posts tagged with capital markets. ← All posts
How a trade turns into a regulator-ready report — eligibility, enrichment, validation, submission, and the break management loop that keeps you compliant.
The trade/transaction reporting pipeline: eligibility, enrichment (LEI/UPI/UTI), validation, submission to the ARM/TR, and break management.
How a custodian actually safekeeps client assets — account structures, the custody network, settlement instructions, and the books-and-records engine that keeps it all honest.
How a custodian holds assets in omnibus vs segregated accounts, the CSD/sub-custodian network, settlement instructions, and asset-servicing (income, proxy, tax).
Two ways to borrow against securities — a lending fee or a repo rate — and the daily collateral servicing that keeps both alive.
Loan vs repo mechanics, collateral schedules and haircuts, daily mark-to-market and margin, recalls, and rehypothecation risk.
How a central counterparty turns a web of bilateral trades into a single, mutualized book of risk — and what your clearing systems must do to survive the margin cycle.
Novation to a central counterparty, initial vs variation margin, margin calls, and the default waterfall (margin, default fund, skin-in-the-game).
How a fund turns positions, prices, cash, and accruals into one defensible number every day — and the controls that keep it honest.
How a fund's NAV is struck daily: position keeping, pricing/valuation, accruals, expense amortization, and the striking/publishing pipeline with tolerance checks.
How a single issuer event fans out into thousands of entitlements, why deadlines are terminal, and what the calculation engine actually has to get right.
The announcement to ex-date to record-date to payment lifecycle for mandatory and voluntary corporate actions, and the entitlement/election engine behind it.
How a buy-side smart order router turns one parent order into dozens of child orders, scores venues in real time, and then proves it did the right thing.
How a buy-side SOR splits a parent order across venues, scores liquidity/fees/latency, and proves best execution with TCA.
The 40-year-old tag=value protocol still carrying most of the world's equity orders — and how to build an engine that survives a dropped connection.
How FIX session layer (logon, heartbeat, sequence-number gap-fill, resend) and application layer (NewOrderSingle, ExecutionReport) actually work, and how to build a resilient FIX engine.
All posts on this site are written by Pratik Dhanave, an Agentic AI Architect with 7+ years building production distributed systems, multi-agent AI platforms, and cloud-native infrastructure. About the author → Each article includes working code, architecture diagrams, and references to the specific frameworks and standards discussed. Browse all posts or explore related topics using the tag cloud above.