金融市场 法博齐Chapter 14.pptVIP

Chapter 14 1、the definition of a secondary market securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the bond markets, are secondary markets. Seasoned securities are traded in the secondary market. 2、the need for secondary markets for financial assets Stocks bonds, Mortgages insurance 3、the difference between a continuous and a call market Continuous Market prices are determined continuously throughout the trading day Call Market orders are groupe