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ABC of stock exchange for beginners
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TIMES,
October 17, 2008
Meaning
An Organised Market Dealing in Corporate and Government
Securities Secondary Market Part of Capital Market
Functions
Ready Market for Listed Securities
Barometer of Economy Needed to Attract
Foreign Funds Exit Route for
Investors Evaluation
Stability in Prices Investors Grievances Stimulate IPOs Helping Book-Building
Process Corporate Governance Index Compilation Public Finance
Members
Jobbers (Market-makers) Brokers
Functions of a Jobber
Dealer Specialist Stability in the Market No Dealing with Public Jobber’s Profit Equalising Quantity
Two Way Quotes Company Sponsorship Speculation Now, Known as
Market-Makers Servers of a Stock
Exchange also Perform the Function
Characteristics of a Broker Generalist Collecting Orders from Investing Public Getting orders executed through
Jobbers Commission or Brokerage
Stock Market in India-Before 1994
25 Stock Exchanges BSE was the Leader Limited Trading Hours Limited Working Days Long Settlement Badla Transactions Arbitrary Charges Bad deliveries Delay in Settlement Blank Transfers Delay in Settlement
National Stock Exchange
Fully Automated System
Universal Membership Both Debt & Equity
Trading Order Driven Trade Guarantee Demat
Rolling Settlement Settlement Cycle ALBM Grouping of Shares Indexing-Aligned
Bombay Stock Exchange
Fully Computerised Trend Setter Losing to NSE Foreign Stock
Exchanges recently Acquired a Stake
Grouping of Shares Indexing
Speculators
Bull Bear Stag Lame Duck Arbitrageur
Speculative Transactions
Badla Rigging Cornering Wash Sales Dividend Stripping Bonus Stripping
Derivatives
Forward Transactions Futures Options:
Call Option
Put Options and
Double Option
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