Securities & Markets

CISI Global Securities Operations

Master the complexities of the trade lifecycle without boring workbooks. Our interactive mentor approach ensures you memorize key concepts and pass your latest Global Securities Operations exam with ease.

250 Practice Questions Detailed Study Notes Realistic mock exams
CISI Global Securities Operations

Updated for 2026. 100% matching with the latest official workbook revisions.

Unlimited Training
Self-Paced Learning
Certificate of Completion
AI Audio Summaries New

Listen to course modules on the go. Perfect for studying while driving or commuting.

🎧 Audio

* This is a chapter sample. All audio is available in the full version.

Interactive Playground

Explore our interactive learning tools below

Sample Question 1 of 10

How is a Systematic Internaliser (SI) classified under MiFID II?

This is just a taste — the full course includes far more

CISI Global Securities Operations (GSO) Exam Preparation

This complete exam simulation system is designed for the CISI Global Securities Operations qualification and helps candidates master the securities trade lifecycle from execution and clearing through settlement, custody, corporate actions, taxation, and operational risk.

We've distilled the complex GSO syllabus into a dynamic learning environment with realistic mock exams, settlement-cycle drills, flashcards, summaries, and an AI tutor. No more guesswork — just focused practice for the exact qualification you are taking.

Exams Academy vs. Traditional Training

Feature Exams Academy Traditional Providers
Access Period
Lifetime Access
30 - 90 Days
Practice Exams
Unlimited Retakes
1 - 2 Static Mocks
Study Support
Instant 24/7 AI Tutor
Email Support
Cost
$189 (One-Time)
$300+ (Recurring)

Preview & See What You Will Get

Preview of CISI Global Securities Operations

Key Benefits

AI Audio Summaries New

Listen to course modules on the go. Practice anytime, anywhere - even while driving or commuting.

  • Studio-quality AI voice narration.
  • Perfect for auditory learners.
  • Maximize your study time during daily commutes.
Listen to a sample

Strategic Exam Simulators

Practice exactly how you'll be tested with targeted simulation modes.

  • Timed Real Exam Mode: Full replication of pressure.
  • Knowledge-Gap Drill: Zero in on Settlement or Risk.
  • Adaptive Revision: Focuses on your weakest areas.

250+ High-Yield Questions

Designed to match the logic and wording of official CISI examiners.

  • Scenario-based challenges for trade lifecycle.
  • Instant Feedback & Step-by-Step Explanations.
  • Detailed analytics to visualize your progress.

AI Mentor (Private Tutor)

Stuck on complex concepts? Get instant help from our trained AI tutor.

  • Simple breakdowns of DVP and SWIFT jargon.
  • Available 24/7 for immediate support.
  • Personalized explanations that simplify legal text.

Rapid-Recall Flashcards

Focus on the most critical facts to ensure easy points stick.

  • Settlement cycles and industry participants.
  • Optimized for long-term memory retention.
  • Rapid review of taxation and corporate actions.

High-Yield Exam Cheat Sheets

The perfect final-minute review guide for securities operations.

  • Distilled 'Golden Rules' of the trade lifecycle.
  • Condensed summaries of essential exam facts.
  • Designed for rapid review at the test center.
New course feature

Learn first. Then prove you’re ready.

Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.

Study Mode

Instant feedback & explanations

Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.

  • Feedback after every choice
  • The correct answer shown clearly
  • A concise explanation while it matters
Exam Mode

Realistic exam simulation

Work against the official-style timer without revealing answers, then review your score and every explanation after submission.

  • Timer mirrors the exam duration
  • Answers stay hidden during the attempt
  • Score and explanations after submission

Syllabus

Module 1: Main Industry Participants 13% syllabus weight

🎧 Audio

Covers key players in the financial ecosystem, their roles, and the infrastructure supporting them.

  • Exchanges, MTFs, and OTFs.
  • Custodians and Central Securities Depositories (CSDs).
  • SWIFT messaging and communication standards.
  • Clearing houses and CCPs.
  • Regulatory bodies and their functions.

Module 2: Settlement Characteristics 11% syllabus weight

Focuses on the trade life-cycle from execution to finality, including pricing mechanics.

  • Trade execution to settlement workflow.
  • T+1 and T+2 settlement cycles.
  • DVP (Delivery vs Payment) mechanisms.
  • Accrued interest calculation and clean vs dirty price.
  • Cum-dividend vs Ex-dividend trading mechanics.

Module 3: Other Investor Services 16% syllabus weight

Detailed look at Safekeeping, Corporate Actions, Nominee services, and Securities Lending.

  • Safekeeping and custody services.
  • Corporate actions processing and exact categorisation.
  • Nominee and beneficial ownership structures.
  • Securities Lending & Borrowing (SLB) and collateral.
  • Income collection and proxy voting mechanics.

Module 4: Aspects of Taxation 4% syllabus weight

Tax constraints including withholding tax, DTTs, and global transparency regimes.

  • Withholding tax on cross-border payments.
  • Double Taxation Treaties (DTTs).
  • Capital Gains Tax on securities.
  • UK Stamp Duty and SDRT.
  • Global transparency: US FATCA and OECD CRS.

Module 5: Risk 6% syllabus weight

Overview of Credit, Market, Liquidity, and Operational risks in securities operations.

  • Credit and counterparty risk.
  • Market risk and volatility.
  • Liquidity risk in settlement.
  • Operational risk, human error, and controls.
  • Reconciliation processes and 'four-eyes' principle.

Who Is This For?

Operations professionals & Trade support
Investment management graduates
Custodians & Settlement specialists
Compliance officers in securities firms
Anyone needing to master the trade lifecycle fast
IT & Fintech developers building post-trade platforms

Preparation centre

Use these connected guides for the syllabus, exam format, booking and revision strategy.

View all insights

Frequently Asked Questions

The CISI Global Securities Operations exam is a Computer-Based Test of 50 multiple-choice questions in 1 hour. The pass mark is 70% (35 out of 50). Exams can be booked year-round at Prometric test centres worldwide.

GSO is primarily taken by operations, settlement, and custody professionals working in securities processing. It's common for trade support staff, middle-office analysts, and back-office team members.

GSO covers the full trade lifecycle including execution, clearing, settlement (T+1/T+2), corporate actions, custody, client money (CASS rules), reconciliations, tax reporting (FATCA/CRS), and risk management in operations.

All content is created from the official CISI workbooks and compiled with input from operations professionals who have passed the GSO exam. Their practical knowledge of settlement systems and CASS rules informs our revision materials.

No formal prerequisites are required. However, some familiarity with how financial markets work is helpful. Many candidates are already working in operations roles when they take GSO.

We do not guarantee a pass — the GSO exam tests practical understanding of complex operational processes. Our mock exams replicate the scenario-based questions style and help you identify weak areas before the exam.

You get lifetime access from the moment of purchase. Study at your own pace with no time limits or recurring fees.

Yes — the entire platform is mobile-responsive. Settlement cycle flashcards and CASS rules summaries work on any device for studying on the go.

Yes! Test your knowledge and see our AI tutor explanations with the free CISI Global Securities Operations Sample Paper. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.

Student Reviews

4.6
★★★★★
Based on 13 reviews
5 stars
62%
4 stars
38%
3 stars
0%
2 stars
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1 stars
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Real Reviews, Real Results

From finance professionals who prepared and passed their CISI exams.

Recent Reviews

P
Philip N.
VERIFIED · Jul 23, 2026
Clutch

Tax and settlement focus

The sections on FATCA, CRS, and settlement cycles (T+2) are extremely accurate for the exam. The cheat sheet was my go-to for the final two days.

E
Elena D.
VERIFIED · Jul 18, 2026
Google

Corporate actions made easy

Mandatory vs voluntary corporate actions used to confuse me, but the scenario questions here make the differences obvious. Great study tool.

S
Steve R.
VERIFIED · Jul 10, 2026
Trustpilot

GSO clearing explained

The trade lifecycle, clearing houses, and CCP mechanics are broken down wonderfully. I passed my Global Securities Operations exam first try.

P
Priya S.
VERIFIED · May 28, 2026
Google

GSO exam prep that works

I was struggling with the trade lifecycle and settlement chapters. The AI tutor breaks down the T+2 settlement process and CSDR penalties in a way that actually makes sense. Passed my GSO first attempt.

T
Tom W.
VERIFIED · May 10, 2026
Trustpilot

Decent coverage of securities ops

Covers corporate actions and custody well. Would have liked more depth on reconciliation processes but overall a useful study companion alongside the official workbook.

D
Daniel M.
VERIFIED · Apr 18, 2026
Google

So much better than the classroom course my company paid for

Company sent me on a 2 day classroom training before this and honestly it was useless. Forgot everything within a week. The flashcards here actually make you recall things properly and the summeries cut out all the waffle from the workbook. Could revise on my phone during lunch which was huge. Way smarter than sitting in a room watching somone read powerpoint slides. Wish id found this first .

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CISI Global Securities Operations
4.6 (13)
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