LIST OF TABLES Sl. No | Name of table | Pg No | 1. | Showing usage if online trading system continent wise | 29 | 2. | Showing ranking of major
Bibliography: * I.M.Panday, Financial Management, Vikas publishing house pvt ltd, 2002.
What do a talking baby, stock markets, and golf all have in common? Nothing, right? Wrong. E*Trade – a popular public online financial services group – uses all three of these entities to create a commercial that has had people talking for years. When the commercial is over, you are left in shock at what you just saw, a baby in a high-chair talking about the stock market. But will the ad’s weirdness produce sales of the company’s program for years to come as well? Or just make it a highly talked about YouTube video? To the contrary, E*Trade does a professional job in conveying its message of simplicity to “average Joes” who are looking to either become day traders, start a retirement fund, or even banking. E*Trade’s main audience is not a person with a net worth or five million dollars. E*Trade is looking to sell their product to “average joe” type clients. It can be assumed this because E*Trade uses the financial term “401k” in their commercial; this is the most popular tax investment form everyone has.…
5. Describe a real or made up but realistic example of earned income that you or someone you know has received. What type of work was the income from? Was the income in the form of a salary or wages? (1-2 sentences. 1.0 points)…
In the past few years there has been a growth in Internet markets where companies and investors can get advice on buying and selling corporate stock online. This was mainly due…
Ch.1 financial intermediation results from economies of scale and the specialization of financial transactions. (banks, inv. companies [mutual & pension funds], insurance companies, credit unions, brokerage firms, investment banks). Inv. banks assist firms in raising capital, create the market for innovative new securities that meet the risk and return demand (CMOs, collateralized mortgage obligations – derivative security that separates the cash flows of a mortgage pool into different classes with different maturities and risks). risk and return are the most important characteristics of financial assets. Another is tax. (high tax-bracket investors would, other things equal, would prefer tax-exempt securities [municipal bonds]). brokered markets (when a bank seeks out investors to purchase an issue directly from the issuing firm, it is acting as a broker) and dealer markets (when an inv. bank purchased and sold a security issue, it is acting as a dealer – profit is the bid-ask spread [ask price is investors’ purchase price & bid price is investors’ sale price, with ask price greater than the bid price]). Both broker and dealer markets require a financial intermediary. auction market is a more advanced market in which all buyers and sellers arrive at mutually agreeable prices (popularity of internet auction market). primary markets (where a security is first sold to investors [IPOs, initial public offerings]) and secondary markets (where existing securities are traded among investors [New York Stock Exchange]). trends: 1)globalization (euro); 2) securitization (CMOs); 3) financial engineering (creation of new securities); 4) faster & more easily accessible information.…
When we have a look at E-Trade’s vision statement, we see that they emphasize on self-directed investors and the world market. For the company being reachable from even sitting at home is important. They say “It’s about bringing it home.”Accessebility in anywhere in the world is the main point about the avaliabilty. But there are some missing points in the vision statement. From our point of view the vision statement could be revised as below:…
Refugee problem is seen as a world wide problem in 21st century. Due to various reasons (civil war, growing population, natural disaster, migration etc.) this kind of problem has been arising. At first it is important to know who refugees are. The issue of refugee and asylum is not new. Refugee phenomenon is old as the concept of nation-state itself. Territorial integrity and sovereignty are basic region responsible for the creation of refugees. Conflicts and tensions within a state and between or among the states give rise to the creation of refugees. Oxford dictionary defines the term refugee as:…
Background In his effort to increase returns for Ameritrade shareholders and make Ameritrade the largest brokerage firm worldwide by trading volume, Joe Ricketts, Chairman and CEO of Ameritrade, seeks to improve Ameritrade’s competitive position in the deep-discount brokerage industry by taking advantage of emerging economies of scale.…
Throughout this research report, subheadings of different type of securities, when and how to use it, why using it and the advantages and disadvantages it brings that maybe able to clarify more ideas about INTERNET…
The online payment marketplace is experiencing an explosion of innovative ideas, plans, and announcements, which one commentator has likened to a “goat rodeo”, a chaotic situation in which powerful players with different agendas compete with one another for public acceptance, and above all, huge potential revenues. Others liken the payment marketplace to a battle among the four platform titans Apple, Google, Facebook, and Amazon. Each of these titans have their own versions of a future payment system that challenges the other players. And let’s not forget PayPal, the reigning power in alternative online payment, or the credit card companies who process over 70% of online payments, or the telecommunication wireless carriers Verizon and AT&T who make it all happen. All of these players are also competing for a share of the online payment stream. They all want to help us spend money, for a fee. The continuing double-digit growth of e-commerce is certainly one factor driving market participants, but a more important factors is the emergence of the mobile platform of smartphone and tablets that opens the door for new firms to enter the online payment marketplace based on newer technologies and control of the mobile platform itself.…
Nowadays, the term “High frequency Trading” seems becomes more and more familiar to the investors. According to Telis Demos, 84% of all stock trades are by High Frequency computers and only 16% are done by human traders in United States (Telis, 2012). Trading by “real” investor is taking up the smallest share of US stock market volumes. According to the SEC,” High Frequency Trading employs technology and algorithms to capitalize on very short-lived information gleaned from publicly available data using sophisticated statistical, econometric, machine learning, and other quantitative techniques”(SEC,2010). Tobb Group estimated that High trading Traders earned about 60 million dollars on August 8, 2011. Since the High Frequency Trading has such a big proportion in the stock market, it raises the question that how this trading strategy influences average retail investors?…
Investment companies, manage the funds of individuals, businesses, and state and local governments, and are compensated for this service by fees that they charge. The fee is tied to the amount that is managed for the client and, in some cases, to the performance of the assets managed. Some asset management companies are subsidiaries of commercial banks, insurance companies, and investment banking companies. As an investment vehicle, open-end funds (i.e., mutual funds) are often criticized for two reasons. First, their shares are priced at, and can be transacted only at, the end-of-the-day or closing price. Specifically, transactions (i.e., purchases and sales) cannot be made at intraday prices, but only at closing prices. Second, while we did not discuss the tax treatment of open-end funds, we note that they are inefficient tax vehicles. This is because withdrawals by some fund shareholders may cause taxable realized capital gains for shareholders who maintain their positions. As a result of these two drawbacks of mutual funds, in 1993, a new investment vehicle with many of the same features of mutual funds was introduced into the U.S. financial market—exchange-traded funds (ETFs). This investment vehicle is similar to mutual funds but trades like stocks on an exchange. Even though they are open-end funds, ETFs are, in a sense, similar to closed-end funds, which have small premiums or discounts from their NAV.…
Description: The emphasis today on demonstrated organizational performance is not limited to private-sector corporations. Public and nonprofit agencies are also finding that, as financial resources decrease and demand for results increases, they too must institute performance goals along with programs and processes that consistently progress toward those goals. Balanced Scorecard Step-by-Step for Government and Nonprofit Agencies, Second Edition empowers your organization to turn strategy into performance at every organizational level and translate your intangible resources such as innovation, customer relationships, and intellectual capital into real value. Significantly updated and enhanced to reflect the latest theory and practice of performance management for the nonprofit and public sectors, this results-focused and practical book: - Provides a "get-started" questionnaire for readers to assess their agency's readiness and get them started on implementation - Includes all-new cases based on the author's experience implementing the Balanced Scorecard in the public and nonprofit sectors - Offers completely revamped coverage of Strategy Maps with new sections on how to facilitate a Strategy Map session - Introduces the Office of Strategy Management (OSM), a new and vitally important function that seamlessly integrates the worlds of strategy formation and execution - Spans the entire spectrum of a Balanced Scorecard implementation - Explains how to alter the "geography" of the Balanced Scorecard to fit public and nonprofit agencies Public and nonprofit organizations are not immune to the tempest of change swirling about our modern world. Balanced Scorecard Step-by-Step for Government and Nonprofit Agencies, Second Edition outlines the very real benefits of the field-proven Balanced Scorecard…
Internet banking When was the last time you walked into a branch of your bank? Let me paint the picture for you! It is Friday evening and you just got off of work. Now you’re headed to the bank in order to deposit your paycheck. It’s a fairly routine process that all people have able to wait for a long time. However, when you actually arrive at the bank, you notice there’s a long queue line at the windows. It looks like you’ll be waiting a while before you can get home. Clearly anyone can see what’s wrong with this picture. No one wants to spend Friday evening in a line at bank. In the incredibly technologically advanced world that we live in today, it seems as though there is almost nothing that be done on the computer. Do you heard about internet banking? According to the 11th Malaysia Internet Survey conducted by ACNielsen (2001), internet banking is one of the most popular services utilized by Malaysian surfers. ACNielsen (2001) found that internet banking is expanding is expending in any Asian countries including South Korea, Malaysia, Hong Kong, Singapore, China and Taiwan. Internet banking is just one of the many options that we have available to us in this day and age. So,the benefits of internet banking are convenience, save time, excellent service, and cost effective. References: ACNielsen Online.(2001). AC Nielsen Online Taiwan online banking report . Available at : www.acnielsen.cm.tw/news.asp?newsID-38 The History of Online Banking And Its Projected Future Banking Online Security Authority A survey of electronic cash,electronic banking and internet gaming-report by…
FINANCIAL MANAGEMENT ASSOCIATION Survey and Synthesis Series The Search for Value: Measuring the Company's Cost of Capital Michael C. Ehrhardt Managing Pension Plans: A Comprehensive Guide to Improving Plan Performance Dennis E. Logue and Jack S. Rader Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Richard O. Michaud Real Options: Managing Strategic Investment in an Uncertain World Martha Amram and Nalin Kulatilaka Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing Hersh Shefrin Dividend Policy: Its Impact on Firm Value Ronald C. Lease, Kose John, Avner Kalay, Uri Loewenstein, and Oded H. Sarig Value Based Management: The Corporate Response to Shareholder Revolution John D. Martin and J. William Petty Debt Management: A Practitioner's Guide John D. Finnerty and Douglas R. Emery Real Estate Investment Trusts: Structure, Performance, and Investment Opportunities Su Han Chan, John Erickson, and Ko Wang Trading and Exchanges: Market Microstructure for Practitioners Larry Harris…
You engage in electronic commerce when you purchase a product or service from a vendor's website instead of from a physical,brick-and-mortar store. There are two primary types of e-commerce -- B2B and B2C. You are engaging in B2B, or business-to-business e-commerce when you buy products or services for your own business. B2C, or business-to-customer, is far more common; it occurs when you buy products online for yourself. Additionally, there are two types of online stores. These are "Pure Click" and "Brick and Click." The first denotes an online operation that has no physical store, and the second refers to an online operation that has at least one physical store.…