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Overview of the Industry

Overview of the Industry - Overview of the Industry Topics...

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Overview of the Industry
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Topics to be Discussed What are Markets? What are Brokers/Dealers? Who are the Industry regulators? Who are the clients? What are the industry organizations?
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Markets
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What are markets? Places where people buy and sell Nature of the product determines which market it trades in Listed Markets(exchanges) NYSE/International Stock Exchange Broker, has no financial interest, executes public order Over-the-Counter Market trading occurs through dealers no central meeting place for this market.
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Two-sided Market Bid and offer = quote Size – amount of security included in bid and offer Ex) Shares of common stock quoted 34.40-.90, 30 x 70 Paying for the stock – 34.40 / share Selling the stock – 34.90 / share Bid – 3000 shares Offer- 7000 shares
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Marketplaces Financial assets exchange hands AMEX BSE CBOE CHX Over the counter markets: NASDAQ Electronic Commerce Networks(ECN’s) Buying/selling in large quantities to solicit interest to trade Alternate Trading Systems(ATS’s) Trading among participants
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The Regulators
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