Equity Sales And Trading

Session 1: The Equity Background

• Types of equity
• Growth and importance of equity issuance
• The 'Pension Timebomb'

Session 2: Stock Exchanges

• The structure of exchanges
• New exchanges
• Trading systems
• Disintermediation and its consequences

Session 3: Market Participants

• Investment banks/brokers
• Who's who
• Links with the markets
• Links with clients

Session 4: The Buy Side

• The growth and importance of asset managers
• Active Vs passive investment
• Structure of fund managers
• Institutional dealing desks

Session 5: Trading Systems and their Efficiency

• Order Vs quote driven
• The market makers book
• Trading strategies
• Communication between the buy and sell side

Session 6: New Systems

• Tradepoint
• Instinet
• Posit/ITG
• Optimark

Session 7: Upstairs Trading

• The anatomy of a trade, from conception to execution
• Dealing etiquette
• Placing power
• Block trading - the ultimate marketing tool?

Session 8: Other forms of Trade and the Future

• Programme trading
• Placings
• The future for European equity trading and the global markets