Dark Pools, Equity Markets Introduction & Issuing
This e-training programme comprises 3 topics/tutorials. Answer all quiz questions at the end of each tutorial in order to complete the training.
A) Equity Markets – An Introduction
(Estimated Completion Time: 75 Minutes)
Equity markets have undergone profound changes in recent years. The majority of trading still takes place on stock exchanges, with the bulk of business concentrated in a small number of countries. But there has been consolidation among traditional exchanges, while the market has also seen fragmentation with the emergence of new trading venues. Alongside these developments, equity trading has been completely transformed by high frequency trading firms.
This tutorial describes these structural changes in addition to providing an overview of some basic equity market concepts, such as the different types of equity security and fundamental stock valuation metrics.
B) Equity Markets – Issuing
(Estimated Completion Time: 75 Minutes)
The term “IPO” has been a buzzword for many years now, but is just one of a number of potential sources of funds available to companies. This tutorial describes the equity issuance (primary) market in its different forms. This incorporates the public sale of existing private shareholdings, private transfers between investors, and the creation of new equity. The tutorial covers highly visible initial offerings (IPOs and privatizations), private transactions, and various forms of subsequent issuance such as rights offerings.
C) Dark Pools
(Estimated Completion Time: 50 Minutes)
Global equity market structure has undergone profound changes in recent years. The explosive development and continued maturation of the dark pool model are key factors in this. Equity trading is increasingly shifting from traditional securities exchanges to so-called dark trading venues. This tutorial describes dark trading in detail, including its attraction to investors and traders. It also differentiates between the different types of dark pool operating in the market, as well looking at some of the challenges facing the business model, not least the increased regulatory scrutiny.
Terms and Conditions
1) Each e-training programme takes approximately 3 hours to complete.
2) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by 31 December 2020.
3) Access to the e-training materials is valid for 3 months from the date the access is issued. For Trading Representatives who require Continuing Education Credit and had registered at the last quarter of 2020, access is valid till 31 December 2020 (e.g. for access given on 24 November 2020, access is valid till 31 December 2020).
4) Upon successful registration, an email with the access details and password would be sent to you within 2 working days.
5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.
6) Please login using Microsoft Internet Explorer from your PC or Laptop.
7) Please note that the learning management system is not compatible with browsers on Apple iOS or other operating systems.
8) For assistance please contact e-training@sgxacademy.com or call 6327 5436.
This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.
SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.