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An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation by R. Tee Williams

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2

Instruments

In Part 4 of Book 2, An Introduction to Trading in the Financial Markets: Trading, Markets, Instruments, and Processes, we explored the primary and secondary markets. The primary market process is used when companies raise capital and the secondary market process is used when instruments are traded once they are created. Also in Book 1, Part 2, we defined different market types and their characteristics, and in Book 2, Part 3, we described how the trading characteristics for different instrument types can be compared and contrasted.

Here, we are concerned with the global aspects of the markets. We look at the ways global companies raise money and the way similar instrument categories differ from region to region. We also consider ...

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