Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
Primary market |
Where securities are issues for the first time (IPO) |
|
|
Secondary market |
Where existing securities are traded between investors |
|
|
Role of stock exchanges |
Provide liquidity Price discovery |
|
|
Brokers on stock exchange act at: |
Agents- dealing on behalf of clients for a fee Principal- buying and selling shares for their own account |
|
|
Other trading systems |
OTC MTF - multilateral trading facilities ATF - alternative trading facilities ECN -electronic communication networks (tradebook) Dark Pools |
