DANCEST 805 Lecture Notes - Lecture 9: Algorithmic Trading, Downside Risk, Ask Price
Document Summary
Essentials of investment chapter 3 terms and quick overview. Primary offerings in which shares are sold directly to a small group of institutional investors. First public sale of stock by a formerly private company. Underwriters purchase securities from the issuing company and resell them to the public. A description of the firm and the security it is issuing. Buyers and sellers must seek each other out directly. In markets where trading in a good is active, brokers find it profitable to offer search services to buyers and sellers. Markets in which traders specializing in particular assets buy and sell for their own accounts. Traders converge at one place to buy or sell an asset (nyse). The price at whicha dealer or other trader is willing to purchase a security. The price at which a dealer or other trader will sell a security. The difference between the bid and asked prices.
