![]() ![]() Rather they must buy and sell securities through broker-dealers which are registered with the appropriate regulatory body for that purpose. Investors may not be members of stock exchanges. Investment managers are either investment companies such as mutual funds or investment advisers which invest for clients. Retail (persons) and institutional ( investment managers and hedge funds). Parties to investment transactions include corporations and governments which raise capital by issuing equity and debt, the selling and buying investors, the broker-dealers and stock exchanges that have the means to transact those deals.Īn investor is a person or corporate entity that makes an investment by buying and selling securities. Markets in other countries have similar categories of securities and types of participants, though not two regulators. The distinction in the US relates to having two regulators. Derivatives include futures and options thereon as well as swaps. Securities include equities ( stocks), bonds (US Government, corporate and municipal), and options thereon. This article covers those who deal in securities and futures in US markets. The basis for these transactions is controlled both through self-regulatory organizations and the two securities commissions, the SEC and the CFTC. Market data consolidators inform investors and regulators in real time of the bid and offer prices of each security through one of two securities information processing systems. Supporting these transactions, there are three central securities depositories and four clearing organizations that assure the settlement of large volumes of trades. ![]() For transactions involving stocks and bonds, transfer agents assure that the ownership in each transaction is properly assigned to and held on behalf of each investor. Securities and Exchange Commission (SEC), or derivative exchanges, regulated by the Commodity Futures Trading Commission (CFTC). These transactions take place in the environment of equity and equity options exchanges, regulated by the U.S. Investors buy and sell through broker-dealers and have their assets retained by either their executing broker-dealer, a custodian bank or a prime broker. Securities market participants in the United States include corporations and governments issuing securities, persons and corporations buying and selling a security, the broker-dealers and exchanges which facilitate such trading, banks which safe keep assets, and regulators who monitor the markets' activities. ![]() Electronic ticker monitor display, showing the bid and offer status of securities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |