Treasure Land (Betting on Wall Street)

Author: Jiang He et al. (editors)
Publisher:
Publish Date: 2007-01-01
Features: Future Financial Trading Trends: Future trading will no longer be constrained by geography or policy, as transactions will be based solely on cost or preference for a trading system, the liquidity of assets in a particular country, or the tax environment. Stock exchange systems will become increasingly compatible, and information and analytical systems will grow more unified. Due to the unification of trading systems, the role of market intermediaries has significantly diminished. Large multinational corporations, due to their business dealings, will begin to take on the role of brokers/dealers themselves, forcing governments and financial institutions to face new challenges. Commercial investment exchanges will eventually open to all aspiring independent financial institutions, leading to lower transaction fees and putting brokers and traditional exchanges in a difficult position. The New York Stock Exchange is becoming increasingly globalized, listing more foreign stocks, and expanding trading hours, allowing members to trade during any designated time period.
Main Content of the Book: The book is divided into seven parts: Basic Knowledge, Stocks, Bonds and Mutual Funds, Derivatives, Futures, Foreign Exchange, and Investing in the U.S. Stock Market. The book first introduces the basic knowledge of the U.S. financial market, then separately covers stocks, bonds and mutual funds, derivatives, futures, and foreign exchange.