March 2011
Beginner
192 pages
4h 30m
English
Introduction
With more than 190 countries in the world, 320 distinct legal jurisdictions, 110 securities exchanges, 40 derivatives exchanges, and a withering notional value of over-the-counter derivatives and alternative investments regularly bought and sold, investing in the global securities markets poses challenges beyond selecting a suitable security likely to provide a decent return on investment.
In the sections that follow, we touch on fundamental concepts such as the definition of a security; the mechanics of execution, clearing, settlement, and custody; and the development and regulation of exchange markets and market participants. For those interested in global equity investing, we set forth the principal exchanges around the world and their most actively traded stocks with Internet links for more information. In addition to covering margin, short selling, and prime brokerage, we also examine briefly the evolving disciplines of risk management, anti-money laundering, and international compliance. For the high-net-worth investor, there is a short chapter on managed accounts. In brief, it is the theme of this book to tie everything together for the global investor (and those who support him) so that a clear and broad picture emerges of the legal, commercial, and practical aspects of the global securities markets.
Since the law, regulation and practice developed in the United States, United Kingdom, and European markets inform the worldwide marketplace for securities, our ...
