ADVANTAGES AND DISADVANTAGES ELECTRONIC TRADING SYSTEM VERSUS FLOOR TRADING SYSTEM Anecdotal evidence suggests that there is a move from floor based to automated trading system in stock markets around the world (Venkataraman : 2001 . This is so as it is believed that electronic trading system is more efficient than a floor trading system . …

Steroid Usage : Long Term and Short Term Affects The attraction for steroid usage finds its underlying reasons in the psychological segments . The short-term benefits range from an immediate physical change to be followed by the initial perk of emotions . This quick and seemingly easy transformation is the appeal that draws the attention …

p Initial Public Offering (IPO ) Finance Theory (2006 INTRODUCTION As most companies expand in their operation amidst success , they tend to go public by inviting the public to be a partaker in the organization ‘s equity . Also when a young firm decides to go public , this process of having an organization …

CURRENCY MANAGEMENT Models of Exchange Rates The various models of exchange rates are as follows :- (a ) Covered Interest Rate Parity (CIRP . This relates to spot and forward exchange rates to nominal interest rates . The advantage arises from the arbitrage opportunity (b ) Unbiased Expectations Hypothesis . As the name suggests the …

Insider Dealing and Market Abuse The main principle of the stock market is that all the players should be in equal positions . This is the essence of the competition and the violation of this principle undermines the trust of investor as well as the market itself Insider dealing is illegal use or disclosure of …

TRANSACTION COSTS AND TRADING STRATEGIES Market Microstructure There are essentially three models of market microstructure known as the Walrasian Auctioneer , Market maker with opportunity costs and market maker facing informed trades . These models are determined by whether the market is regulated by benevolent or motivated trading . Each model is discussed as given …

FINANCIAL MARKET REGULATION 2006 Financial Market Regulation Introduction Since its first inception , the financial market has been growing at a tremendous rate . Financial products are developing to be both more lucrative and more complicated for investors . However , new financial conditions are continuously developing . Investors and business people are continuously searching …

Introduction to Financial Management 2006 Introduction to Financial Management I . Introduction To finance the day-to-day activities and to afford business expansion , a company as they grow will need lots money . The company needs additional capital in to finance technological invention , network expansion and so many other things that help them to …

Regulated Activities and Authorisation in the UK The Financial Services Authority (FSA ) acts a single and unified body which regulates financial markets . The classification of regulated activities in the United Kingdom is very broad . The term `regulation includes overseeing specified activities , monitoring investments and the way of functioning . Deposits , …

INSIDER DEALINGS AND MARKET ABUSE Criminal Liability and Civil Liability Insider dealings and market abuse are common forms of misuse seen in financial markets across the board . Criminal liability seeks to protect the integrity of public markets . A person who issues misleading statements and indulges in manipulative practices is liable for criminal prosecution …