advanced issues in environment-aware trading authors: manuela nemet,...
TRANSCRIPT
Advanced issues in
Environment-aware trading
Authors:
Manuela Nemet, [email protected]
Bratislav Milic, [email protected]
Milan Savic, [email protected]
Veljko Milutinovic, [email protected]
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Financial Market
• Primary market
• Secondary market
- stock exchange
- over the counter market
- third market
- fourth market
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Financial instruments
• Bonds
• Stocks
- Short Term
- Long Term
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Stock Exchange –What Is It?
Stock Exchange is
a place where stocks
are bought and sold.
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Stock exchange features• Stock exchange organization
• Market dynamics
• Market dynamics analyzers
• Speculations and manipulations
• Stock exchange crisis
- call market- continuous market- bull market - bear market
- averages (Dow Jones)- indexes (S&P 500)
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How to Become A Good Dealer?
In order to become a good dealer, one needs:
• Information that is reliable and delivered on time
• Good education• Wise thinking• Prompt response
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History of eTrading
• The first eTrade was done on July 11, 1983
• In the first quarter of 1998, there were approximately 6 million online investors
• By the end of 2002, it is expected up to 14 million online investors
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Using Internet As Data Source
• Several sources for the same information
• Lots of sites offerfree stock prices with a 15 to 20 minutes delay
• Real time stock prices are paid
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Using Internet As Data Source
• Stock market related data can be easily found on many sites like:– www.stocktracker.com– www.zacks.com– www.stockcharts.com
• Those sites provide some kind of education and lots of info for beginners
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NYSEHome page: http://www.nyse.com
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NYSE
Use case:
getting stock price
for LNUX
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NASDAQHome page: www.nasdaq.com
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NASDAQUse case:
getting stock prices for several companies
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SEC• The U.S. Securities
and Exchange Commission • http://www.sec.gov• SEC protects investors
and maintain the integrity of the securities markets
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Basic SEC Rules
• Companies must tell the public the truth about their businesses
• Brokers, dealers, and exchangesmust treat investors fairly and honestly
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Basic SEC Rules
• Investors must receive financialand other significant information concerning securities being offered for public sale
• Prohibit deceit, misrepresentations, and other fraud in the sale of securities.
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SEC Covers the Following:
• Corporate reporting• Proxy solicitations• Tender offers• Insider trading
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www.sec.gov
• All information on one place• Easy to use
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www.sec.govUse case – getting Corporate reports
• Fill in Company name or CIK (Central Index Key)
• Select date range and form type
• Submit
Select needed document from the list shown on the screen
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• Financial market globalization
• Technological innovations
• Financial instruments dematerialization
Future
Advanced issues in
Environment-aware trading
Authors:
Manuela Nemet, nemetm@hotmail,com
Bratislav Milic, [email protected]
Milan Savic, [email protected]
Veljko Milutinovic, [email protected]