Stock Trading

  1. Market Structure and Participants
    1. Stock Exchanges
      1. Functions of Stock Exchanges
        1. Listing Services
          1. Trading Facilitation
            1. Market Surveillance
              1. Regulatory Compliance
              2. Major U.S. Exchanges
                1. New York Stock Exchange (NYSE)
                  1. Auction Market System
                    1. Designated Market Makers
                      1. Trading Floor Operations
                        1. Listing Requirements
                          1. Trading Hours
                          2. NASDAQ
                            1. Electronic Trading Platform
                              1. Market Maker System
                                1. Listing Requirements
                                  1. Technology Focus
                                2. Alternative Trading Systems
                                  1. Electronic Communication Networks (ECNs)
                                    1. Dark Pools
                                      1. Crossing Networks
                                      2. Over-the-Counter (OTC) Markets
                                        1. OTC Bulletin Board
                                          1. Pink Sheets
                                            1. Characteristics of OTC Markets
                                              1. Risks and Benefits of OTC Trading
                                              2. International Exchanges
                                                1. London Stock Exchange
                                                  1. Tokyo Stock Exchange
                                                    1. Shanghai Stock Exchange
                                                  2. Market Participants
                                                    1. Retail Traders
                                                      1. Individual Investors
                                                        1. Motivations and Constraints
                                                          1. Account Types Available
                                                            1. Technology Access
                                                            2. Institutional Investors
                                                              1. Mutual Funds
                                                                1. Pension Funds
                                                                  1. Hedge Funds
                                                                    1. Insurance Companies
                                                                      1. Endowments and Foundations
                                                                        1. Sovereign Wealth Funds
                                                                        2. Market Makers
                                                                          1. Role in Liquidity Provision
                                                                            1. Profit Mechanisms
                                                                              1. Bid-Ask Spread Management
                                                                                1. Inventory Management
                                                                                2. Brokers and Dealers
                                                                                  1. Full-Service Brokers
                                                                                    1. Discount Brokers
                                                                                      1. Online Brokers
                                                                                        1. Prime Brokers
                                                                                          1. Broker-Dealers
                                                                                          2. Other Participants
                                                                                            1. Arbitrageurs
                                                                                              1. Specialists
                                                                                                1. Floor Traders
                                                                                              2. Brokerage Services
                                                                                                1. Types of Brokerage Accounts
                                                                                                  1. Cash Accounts
                                                                                                    1. Features and Limitations
                                                                                                      1. Settlement Requirements
                                                                                                      2. Margin Accounts
                                                                                                        1. Features and Requirements
                                                                                                          1. Borrowing Capacity
                                                                                                            1. Risks of Margin Trading
                                                                                                          2. Account Features
                                                                                                            1. Research and Analysis Tools
                                                                                                              1. Trading Platforms
                                                                                                                1. Mobile Applications
                                                                                                                  1. Customer Support
                                                                                                                  2. Fee Structures
                                                                                                                    1. Commission Models
                                                                                                                      1. Account Maintenance Fees
                                                                                                                        1. Data Fees
                                                                                                                          1. Margin Interest Rates
                                                                                                                        2. Trading Process
                                                                                                                          1. Order Placement
                                                                                                                            1. Order Entry Systems
                                                                                                                              1. Order Validation
                                                                                                                                1. Pre-Trade Risk Checks
                                                                                                                                2. Order Routing
                                                                                                                                  1. Smart Order Routing
                                                                                                                                    1. Direct Market Access
                                                                                                                                      1. Payment for Order Flow
                                                                                                                                      2. Order Execution
                                                                                                                                        1. Price Priority
                                                                                                                                          1. Time Priority
                                                                                                                                            1. Size Priority
                                                                                                                                              1. Market Impact
                                                                                                                                              2. Trade Reporting
                                                                                                                                                1. Real-Time Reporting
                                                                                                                                                  1. Consolidated Tape
                                                                                                                                                    1. Trade Publication
                                                                                                                                                    2. Clearing and Settlement
                                                                                                                                                      1. Clearinghouses
                                                                                                                                                        1. Settlement Cycles
                                                                                                                                                          1. Delivery vs Payment
                                                                                                                                                            1. Failed Trades

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                                                                                                                                                        1. Introduction to Stock Trading

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                                                                                                                                                        3. Fundamental Analysis