2.3 The Financial Markets

In this section

• 2.3.1 Primary Markets
  Understanding the Primary Markets, including IPOs, Debt Issuance, and the Role of Underwriters in the Capital Market.
• 2.3.2 Secondary Markets
  An examination of secondary markets, including exchange-traded and over-the-counter markets, and their roles in liquidity and price discovery.
• 2.3.3 Auction Markets
  An in-depth exploration of auction markets, highlighting their mechanics, notable examples like the New York Stock Exchange, and the advantages they offer, including transparency and efficiency.
• 2.3.4 Dealer Markets
  Exploring dealer markets within the financial sector, their comparison with auction markets, and the essential roles and activities of dealers.
• 2.3.5 Electronic Trading Systems
  A detailed exploration of the evolution, functionality, and impact of electronic trading systems on financial markets.