stock market

- private corporation has a limited number of owners, no organized market for shares

- public corporation has unlimited number of owners, share trade on an organized market (stock market)

physical stock markets:

- auction market (NYSE)

- market makers (specialists)

- bid ask spread (bid price, ask price, transaction cost)

over the counter stock markets:

- dealer markets

NASDAQ (electronic)
bonds
fx

- listing standards (requirements a company must meet to be eligible in trading on stock market (NYSE's listing standards are stringent than those of NASDAQ)

other stock market:

- bond market

- foreign exchange market

- commodities market

- derivative securities

	Created by Taylor Ngai over 6 years ago

corporate finance and the financial manager

fina 2303 chapter 1