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Financial Institutions and Markets FIN 304. Dr. Andrew L. H. Parkes Day 7 “How do financial markets work?”. 卜安吉. The NASDAQ. An OTC market: Over the Counter market No PHYSICAL place Operates by matching the bid and asked prices on computer systems. NASDAQ :
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Financial Institutions and MarketsFIN 304 Dr. Andrew L. H. Parkes Day 7 “How do financial markets work?” 卜安吉
The NASDAQ An OTC market: • Over the Counter market • No PHYSICAL place • Operates by matching the bid and asked prices on computer systems NASDAQ: National Association of Securities Dealers Automated Quotron system Financial Institutions & Markets, Day 7
Sources for stocks: Yahoo! Finance Marketwatch.com Wall Street Journal Bloomberg.com Morningstar.com Financial Institutions & Markets, Day 7
TREASURY TIDBITS! • $16,016,101,949,370.06 • - U.S. Debt to the Penny as of 9/21/2012. • July 2012: • Top Three holders of U.S. Treasuries • China $ 1149.6 billion • Japan $ 1117.1 billion • Oil Exporters $ 262.3billion • http://www.treas.gov/tic/mfh.txt http://www.treasurydirect.gov/NP/BPDLogin?application=np Financial Institutions & Markets, Day 7
TREASURY TIDBITS! • $16,016,101,949,370.06 • - U.S. Debt to the Penny as of 9/21/2012. • Breakdown of U.S. Treasury Debt • Debt Held by Public $ 11,253,321,189,602.66 • Intergovernmental $ 4,762,780,759,767.40 • Social Security Surplus mostly http://www.treasurydirect.gov/NP/BPDLogin?application=np Financial Institutions & Markets, Day 7
Later … • Calculations of stocks. • Valuations for stocks Financial Institutions & Markets, Day 7