# Trading operations encompass the processes involved in executing trades, clearing, and settling securities transactions. They involve various activities, including order placement, execution, and the subsequent processes that ensure the safe transfer of ownership and payment between buyers and sellers. 

Key Aspects of Trading Operations:

1. Order Placement and Execution:

Brokers and traders submit orders to buy or sell securities through electronic platforms or other channels. 

Orders can be market orders (executed at the best available price) or limit orders (executed at a specific price or better). 

Stop orders are triggered when a security reaches a specific price and become market orders.