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PRIMARY MARKET IS
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csc chapter 1
FINANCIAL MARKETS
| Question | Answer |
|---|---|
| PRIMARY MARKET IS | new securities sold by the Govt and companies for the first time (IPO s) |
| Secondary market Is | Buyers and sellers trade among each other,The issuing company does not receive any proceeds from this . |
| Two types of secondary markets | Auction and dealer market. |
| Bid | Highes price buyer will pay for the security |
| ask | lowyest price seller will accept . |
| Spread | Difference between Bid and ask . |
| Last price | Price at which the last trade on the stock took place . |
| market price | Last price is also called as market price. |
| Canadian exchanges | Common ,preferred shares , rights , warrants,listed options,futures contracts,installment receipts , etfs, income trusts and few convertible debentures |
| Liquidity is characterized by | Frequent sales ,Narrow spread, Small price fluctuations |
| Seven Stock Exchanges | TSX,TSX Venture EX, Alpha EX,The Montreal EX(MX), NGX-Natural gas exchange,Canadian stock ex (CSE), ICE Futures Canada |
| TSX Lists | Senior Equities ,some debt instruments that are convertible into the equity abd ,income trust and etfs |
| Tsx venture | junior equities abd few debt instruments |
| The alpha ex | offers trading in securities listed on the TSE and TSX venture |
| CSE | trades equities of emerging companies |
| MX | Financial and equity future options |
| Ice | Agricultural Futures and options . |
| NGX | North american natural gas and electricity markets |
| Securities trading in canada existed since | 1832 |
| TSE became Canada's senior equities Market gave up its participation in the derivatives and junior equity markets on | March 1999 |
| Alberata EX +Winnipeg SE+ Vancouver Stock EX=junior equities market =Canada venture ex(cDNX) | consolidated the operations of Canadian dealing network ex in October 2000 |
| cndx became the TSE's wholly owned subsidiary . | 2001 |
| "TSE" re branded to "TSX" while" CNDX" re branded to "TSX Venture Exchange" | April 2002 |
| TSX went public | Nov 2002 |
| Trading on CSE is regulated by | IIROC |
| Other Canadian exchanges follow | UMIR-Universal market integrity rules. |
| TMX group aquired 100 % of NGX in | 2004 |
| winnipeg commodity exchange became wholly owned sub of ICE =ICE futures Canada. trades canola, barley and wheat.in | 2007 |
| Tsx and tmx merged from Montreal group in | 2008 |
| Maple group aquired TMX as a result maple group was named asTMX group limited | 2012 |
| The alpha ex begins the operations | 2012 |
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