Kurum-İçi Eğitim Programları
C13. Capital Markets And Exchanges: Concepts, Functions and Progress
Seminar Topic:
CAPITAL MARKETS AND EXCHANGES: Concepts, Functions and Progress
Lecturer:
Dr. Murad Kayacan (cpa)
The Outline:
FINANCIAL MARKETS AND ITS COMPONENTS
1.1. Fund Suppliers
1.2. Fund Demanders
1.3. Financial Instruments
1.3. Capital Market Instruments
1.4. Intermediary Institutions
1.5. Laws & Regulations
THE FUNCTIONS OF CAPITAL MARKETS
2.1. For Macro Economic Point of View
2.2. For Companies
2.3. For Investors
3. STRUCTURE OF THE CAPITAL MARKETS AND MODELS
3.1. From the Finance Methods Point of View
3.1.1. Indirect Finance
3.1.2. Direct Finance
3.2. From the Level of Efficiency Point of View
3.2.1. Weak Form Efficiency
3.2.2. Semi-Strong Form Efficiency
3.2.3. Strong Form Efficiency
3.2.3.1. Depth
3.2.3.2. Width
3.2.3.3. Sensitivity
3.3. From the Classification of Market Models Point of View
3.3.1. According to Maturity of the Fund Lending
3.3.1.1. Money Markets
3.3.1.2. Capital Markets
3.3.2. According to Functions of the Fund Transfer
3.3.2.1. Primary Markets
3.3.2.2. Secondary Markets
3.3.3. According to Organisational Structure
3.3.3.1. Organised (Regulated) Markets
- Public Exchanges
- Private Exchanges
- Mixed Type Exchanges
3.3.3.1.1. Basic Functions of Exchanges
3.3.3.2. Unorganised (Over the Counter) Markets
3.3.3.3. Differences Between Organised and Unorganised Markets
3.3.3.3.1. Advantages of Over the Counter Markets
- For Issuers
- For Investors
- For Intermediaries
3.3.3.3.2. Disadvantages of Over the Counter Markets
- For Issuers
- For Investors
- For Intermediaries
3.3.4. From the Methods of Reaching to Market Price Quotations Point of View
- Quote/Price Driven Markets
- Order Driven Markets;
3.3.5. From the Methods of Price Quotation Point of View
- Single Price/Fixation
- Continuous Auction
3.3.6. From the Ordering and Matching Systems Point of View
- Electronic Trading Systems
- Manual Systems
3.3.7. From the Location Where Orders are Gathered and Processed Point of View
- Central
- Scattered Quotation
3.3.8. From the Historical or Real Time Data & Information Dissemination Point of View
- Transparent
- Non-transparent
3.3.9. From the Processing Types Point of View
- Direct Call Markets
- Commissioner’ Markets
- Intermediaries’ Markets
- Auction Markets
4. CHRONOLOGY OF CAPITAL MARKETS
4.1. The History of Capital markets in the World
4.2. The History of Capital Markets in Turkey
4.2.1. Ottoman Period
4.2.2. Republic Period
4.2.3. New Period
4.3. Capital Market Institutions
5. LISTING REQUIREMENTS OVER THE WORLD
5.1. Countable Criterion
5.2. Non-countable Criterion
6. LISTING REQUIREMENTS AT ISTANBUL STOCK EXCHANGE
7. SHARE PUBLIC OFFERINGS PROCESS
7.1. Initial Public Offering Methods
7.2. Sale Methods
7.2.1. Sales on Stock Exchange
7.2.2. Bookbuilding Method
8. CURRENT DEVELOPMENTS OF MAIN EXCHANGES OF THE WORLD 
