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Book Cover
Book
Author Dalton, John M., 1942-

Title How the stock market works
Edition Third edition / John M. Dalton
Published New York : New York Institute of Finance ; Hemel Hempstead : Prentice Hall, 2001
Table of Contents
 Introductionxv
Chapter 1The Stock Market: What the Stock Market Has to Offer1
  Why Stocks Are Offered1
  The Size of the Stock Market2
  A Word About Bonds3
  Why Individuals and Institutions Buy Stocks3
  Dividends4
  Capital Gains, or Growth5
  Short Selling6
  Risks and Rewards of Investing8
  Common Stocks10
  Preferred Stocks12
  Stock Rights17
  Stock Warrants18
  Summary18
Chapter 2Reading the Financial Press: Determining Share Value, Determining Your Investment Return20
  Cash Accounts20
  Margin Accounts21
  Security Positions: Long, Short, Flat23
  Pricing Stocks: Points and Fractions25
  The Figuration of Current Yield27
  Newspaper Listings28
Chapter 3The Initial Public Offering: Getting the Stocks to the Marketplace32
  The Primary Market--How Busineses Are Capitalized34
  Incorporating the Business35
  The Initial Public Offering (IPO)40
  After the Offering Is Completed54
Chapter 4Inside the Brokerage Firm: Who Does What?55
  Full Service Versus Discount57
  Selecting a Brokerage Firm and an Account Executive62
  The Sales Assistant66
Chapter 5The Secondary Market: Executing Orders on the Exchange Floor68
  The New York Stock Exchange68
  Listing Requirements and Criteria of the NYSE69
  NYSE Maintenance Listing Requirements/Delisting from NYSE71
  The NYSE Floor72
  The Delivery of Orders to the NYSE: Superdot and the Broker Booth Support System78
  NYSE's Online Comparison System80
  The Auction System80
  How Orders Are Executed in the Crowd83
  Crossing Stock88
  After (Off) Hours Trading--A/K/A Crossing Sessions89
  The Short Sale91
  Institutional Trades93
  Decimalization95
  Other Important Features of the NYSE95
  AMEX--The American Stock Exchange101
Chapter 6The Specialist: Riding the Bulls and Bears105
  The Specialst's Role: As Dealer, as Broker106
  The Role of Automation and Telecommunication110
  Other Duties of the Specialist112
  Odd-Lot Trading116
  Assigning Securities to the Specialist120
  Conclusion121
Chapter 7The Secondary Market: Over-the-Counter Trading122
  Following an Order Being Executed OTC126
  The Over-the-Counter Bulletin Board: OTCBB130
  Types of Orders133
  Compliance Regulations of the NASD135
  NASD Rules of Fair Practice137
Chapter 8The Nasdaq: Ongoing Changes140
  NASD: National Association of Securities Dealers, Inc.140
  Requirements for Securities to Become Listed on Nasdaq142
  November 1998 Merger with the American Stock Exchange146
  Nasdaq-100 Index Tracking Stock (AMEX Symbol QQQ)147
  The Major Nasdaq Stock Market Indexes147
  Expansion of Nasdaq Worldwide: Globalization of Stock Trading149
  Monitoring the Markets150
  Other Major Developments with the Nasdaq151
  Conclusion158
Chapter 9Investment Companies: Closed-End and Open-End Funds--The "Package Plan" Approach159
  Investment Companies160
  Management Companies: Closed-End and Open-End Funds162
  Pricing a Closed-End Fund163
  Pricing an Open-End Fund163
  Variety of Types of Open-End (Mutual) Funds for Bonds168
  Conclusion169
Chapter 10Stock Options: Multipurpose Instruments170
  The OCC and the Exchanges That Offer Option Trading171
  Options: A Definition and Explanation of How Stock Option Contracts Generally Function172
  Types of Option Contracts: Puts and Calls176
  Option Premium: The Price of the Option Contract182
  Options as a Hedging Tool190
  Miscellaneous Option Topics192
  Conclusion193
Chapter 11The Back Offices: Following the Long Paper Trail194
  The Depository and Clearing House196
  The Order Department198
  P&S Department199
  Margin Department206
  Stock Record Department210
  Accounting Department212
  Dividend Department214
  Proxy Department218
Chapter 12Stock Market Theories: Can Prices Really Be Predicted?220
  The First American Analyst222
  The Analysts231
  The Technical Approach241
Chapter 13Analyzing Stocks: The Corporation's "Report Card"260
  Current Assets and Current Liabilities261
  Can the Corporation Pay Its Way?262
  Using Debt and Capital Structure of a Corporation as Sources of Long-Term Funds263
  The Income Statement264
Chapter 14Online Trading in the Stock Market: How Technology Has Changed the Financial Landscape269
  Brokerage Firms in the World of Online Trading270
  How an Investor Establishes Online Trading273
  Wireless and Touch Tone Trading274
  The Risks of Online Trading275
  Protection for Online Investors279
  Conclusion281
Chapter 15Globalization of the Stock Market: Expanding Opportunities for Investors282
  Stock Markets Around the World283
  Global Investing286
  Effect of Extended / After-Hours Trading on Globalization287
  Globalization: The Stock Exchanges288
  Brokerage Firms and Online Access292
  Conclusion293
Chapter 16Taxation: How Dividends and Capital Gains Are Taxed294
  The Taxation of Interest295
  The Taxation of Dividends295
  The Taxation of Capital Gains296
  Multiple Positions297
  Stock Gifts to Minors298
  Stocks Received as Gifts and Inheritances: Taxable Amounts and Basis298
Chapter 17In the Tank or, Even Worse, Crash, but Then a Reversal: How the Stock Market Works Under Pressure303
  The Fair and Orderly Market306
  Program Trading Myths313
  The Global Crash314
  The Stock Market and the Economy317
  Conclusion319
 Glossary320
 Index399
 About the Author423

Copies

Location Call no. Vol. Availability
 MELB  332.64 Dal/Hts 2001  DUE 03-04-24
Description xvi, 422 pages : illustrations ; 24 cm
Series How the markets work series
How the markets work series.
Contents The stock market : what the stock market has to offer -- Reading the financial press : determining share value, determining your investment return -- The initial public offering : getting the stocks to the marketplace -- Inside the brokerage firm : who does what? -- The secondary market : executing orders on the exchange floor -- The specialist : riding the bulls and bears -- The Secondary market : over-the-counter trading -- The Nasdaq : ongoing changes -- Investment companies : closed-end and open-end funds- the 'package plan' approach -- Stock options : multipurpose instruments -- The back offices : following the long paper trail -- Stock market theories : can prices really be predicted? -- Analyzing stocks : the corporation's "report card" -- Online trading in the stock market : how technology has changed the financial landscape -- Globalization of the stock market : expanding opportunities for investors -- Taxation : how dividends and capital gains are taxed -- In the tank or, even worse, crash, but then a reversal : how the stock market works under pressure
Notes Previous ed.: / edited by John M. Dalton. New York : New York Institute of Finance. 1993
Includes index
Subject Stock exchanges.
Stocks.
Author Dalton, John M., 1942-
New York Institute of Finance.
LC no. 00050090
ISBN 0735201838