The seminar provides a general introduction to world financial markets. They can be variously classified – geographically, by type of exchange, by issuers, liquidity and type of instruments – all are provided here. The importance of liquidity, the distinction between exchange and over-the-counter markets and the role of intermediaries in their various forms are explained in more detail.

 

At the end of Intrinsic Value's training seminar in the structure of financial markets the participant should be able to:

􀂅  Compare and contrast financial exchanges and OTC markets.

􀂅  Define inter-dealer market and inter-dealer broker.

􀂅  Compare   and  contrast    the   size   of   various   markets   (bonds, foreign

     exchange,equities, etc).

􀂅  Discuss the importance of market liquidity.

􀂅  Describe a repo and a reverse repo and their roles as sources of liquidity.

􀂅  Define an ISDA Master Agreement.

􀂅  Describe how screen-trading systems work.

􀂅  Describe a market “specialist”.

􀂅  Describe an “open-outcry” trading system.

􀂅  Describe an ECN.

􀂅  Describe the steps in post-trade processing.

􀂅  Describe straight-through processing.

􀂅  Compare and contrast retail, wholesale and prime brokers.

􀂅  Discuss issues with “new market” developments and structured products.