Financial Institutions and Markets FIN 304 Dr Andrew

Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 7 “How do financial markets work? ” Sept. 25, 2012 Financial Institutions & Markets, Day 7 卜安吉

The NASDAQ An OTC market: Over the Counter market Ø No PHYSICAL place Ø Operates by matching the bid and asked prices on computer systems Ø NASDAQ: National Association of Securities Dealers Automated Quotron system Sept. 25, 2012 Financial Institutions & Markets, Day 7 2

Sources for stocks: Yahoo! Finance Marketwatch. com Wall Street Journal Bloomberg. com Morningstar. com Sept. 25, 2012 Financial Institutions & Markets, Day 7 3

TREASURY TIDBITS! n $16, 016, 101, 949, 370. 06 – - U. S. Debt to the Penny as of 9/21/2012. http: //www. treasurydirect. gov/NP/BPDLogin? application=np n July n 2012: Top Three holders of U. S. Treasuries – China $ 1149. 6 billion – Japan $ 1117. 1 billion – Oil Exporters $ 262. 3 billion § http: //www. treas. gov/tic/mfh. txt Sept. 25, 2012 Financial Institutions & Markets, Day 7 4

TREASURY TIDBITS! n $16, 016, 101, 949, 370. 06 – - U. S. Debt to the Penny as of 9/21/2012. http: //www. treasurydirect. gov/NP/BPDLogin? application=np n 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 Sept. 25, 2012 Financial Institutions & Markets, Day 7 5

Later … n Calculations n Valuations Sept. 25, 2012 of stocks. for stocks Financial Institutions & Markets, Day 7 6