Advanced issues in Environmentaware trading

1
Advanced issues in Environment-aware trading

• Authors
• Manuela Nemet, nemetm_at_hotmail.com
• Bratislav Milic, zverko_at_eunet.yu
• Milan Savic, savicm_at_net.yu
• Veljko Milutinovic, vm_at_kondor.etf.bg.ac.yu

2
Financial Market

• Primary market
• Secondary market
• - stock exchange
• - over the counter market
• - third market
• - fourth market

3
Financial instruments
- Short Term
- Long Term

• Stocks

• Bonds

4
Stock Exchange What Is It?

• Stock Exchange is
• a place where stocks
• are bought and sold.

5
Stock exchange features

• Stock exchange organization

- call market - continuous market

• Market dynamics

- bull market - bear market

• Market dynamics analyzers

- averages (Dow Jones) - indexes (SP 500)

• Speculations and manipulations

• Stock exchange crisis

6
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

7
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

8
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

9
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

10
NYSE

• Home page http//www.nyse.com

11
NYSE

• Use case
• getting stock price
• for LNUX

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NASDAQ

• Home page www.nasdaq.com

13
NASDAQ

• Use 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.

17
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.gov

• Use 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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Future

• Financial market globalization

• Technological innovations

• Financial instruments dematerialization

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Advanced issues in Environment-aware trading

• Authors
• Manuela Nemet, nemetm_at_hotmail,com
• Bratislav Milic, zverko_at_eunet.yu
• Milan Savic, savicm_at_net.yu
• Veljko Milutinovic, vm_at_kondor.etf.bg.ac.yu