Chapter 1-3 Notes
Chapter 1-3 Notes SPEA-V 361
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This 0 page Bundle was uploaded by Camille Westmoland on Saturday October 31, 2015. The Bundle belongs to SPEA-V 361 at Indiana University taught by Thomas Luke Spreen in Summer 2015. Since its upload, it has received 104 views. For similar materials see Financial Management in Public Health at Indiana University.
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Date Created: 10/31/15
Chapter 8 NYSE Commission Brokers 0 Delgate trade to Floor Brokers Floor Brokers 0 The ones you see on TV yelling Specialist 0 Dealers 0 Has an inventory of certain stock 0 Special role in the market Floor Trading I want to buy stock 0 contact commission broker 0 Broker power walks to the specialist no running on oor Specialist always posts bid and ask prices 0 OR nd a broker who is holding that stock 0 If there are no other brokers or they cannot come to an agreement the broker can buysell to the specialist a quotdealerquot who helps to make the market 0 Floor trading is now handled electronically Physical oor is almost always empty now NASDAQ 2nol largest exchange Purely OTC market 0 OTC market exclusively between dealers 0 Prices are not posted only negotiated High frequency trading Selling and trading stocks 1005 of times in seconds Can also place orders then rapidly cancel 0 This pushes up the bid price they then sell the stock Called spoo ng lllegal 0 Ex Proctor and Gamble saw their shares uctuating between 01 and 100000 in a matter of minutes Two schools of thought 0 Will destabilize the stock market and lead to another depression 0 Always helps make the market Even when the stock was trading for 01 someone was willing to buy and sell Need to Know For Exam 42 OS 3x5 notecard Excel commands for all chapters o PV FV PMT NPER RATE o Calculating perpetuity Cr Math questions from 5 and 6 Conceptual questions from 7 and 8 Know terminology from all chapters
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