Trading and Dealing in Security Markets (FINC3014)

UNIT OF STUDY

This unit is concerned with the processes which turn orders into trades in securities markets, and the forces which mould and affect both order flow and order execution. The unit provides an introduction to some fundamental ideas about market design and structure. At the end of the unit, students should be able to understand (1) how the international markets for foreign exchange, swaps, bonds and equities are organised, (2) how trading is conducted in these markets and how these transactions are cleared, (3) how the markets are regulated, if they are supervised and what risks different counterparties face in these markets. The unit aims to equip students to independently analyse international investment and financing alternatives and to estimate expected returns and costs taking into account liquidity risk, price volatility and credit risk.

Further unit of study information

Classes

1x 2hr lecture and 1x 1hr tutorial per week

Assessment

Oral presentation and tutorial participation (10%), mid-semester exam (15%), TradeLab assignment (10%), major assignment (20%), and final exam (45%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

FINC2012 or FINC2002

Prohibitions

FINC3004

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.