The stock exchange and its surroundings 2600-MFBRz1rkdiGJO
1. The Stock Exchange - Introduction
1.1. Definitions and Financial Instruments
1.2. Operation and Types of Stock Exchanges
1.3. The Stock Exchange and the OTC Market
1.4. Capitalization, Operators, Country Shares
1.5. Leading Stock Exchanges in Various Regions
1.6. Initial Public Offerings (IPOs)
1.7. Leading Stock Exchanges, Number and Value of IPOs
1.8. The Largest IPOs in the World
1.9. Selected Stock Exchange Indices
1.10. Stock Market Concentration
2. Regulatory Framework
2.1. EU Regulations on the Regulated and Unregulated Market
2.2. The Stock Exchange, Conditions of Admission
2.3. Organized Forms of Over-the-Counter Trading
2.4. Money Market Instruments and Institutions
2.5. Supervision of the Financial and Money Market
2.6. Scope of Operations and Competencies of the Central Bank
2.7. Powers and Responsibilities of the Polish Financial Supervision Authority
2.8. Derivatives Market Oversight
2.9. KDPW Activities
2.10. Central Counterpart Principle
3. Stock Exchange Market
3.1. Principles for Listing Listed Companies
3.2. Orders Featured by the Stock Exchange
3.3. Standard Brokerage Orders
3.4. Market Makers
3.5. Block Trades
3.6. Trading Session Procedures
3.7. Opening and Closing Fixes
3.8. Trading Liquidity Regulations (Fixed and Sliding Spreads)
3.9. Short Selling on the WSE and Other Exchanges
3.10. Remote Members and Their Importance
3.11. Algorithmic Orders and HFT
3.12. Trading Session Stages
3.13. Session Reports
3.14. Securities Flow Recordings
3.15. Cash Flow Recordings
3.16. Clearing Members and Others
3.17. Forms and Conditions of Trading (Price and Order Driving)
4. Markets Appearing on the Stock Exchange and Their Significance
4.1. British AIM
4.2. New Connect Market
4.3. Catalyst and Bond Spot Market
4.4. GlobalConnect Market
4.5. Polish Power Exchange
4.6. ETF/ETC/ETN
4.7. Stock Exchange Indices in Poland
5. Investors and Information
5.1. Brokerage House
5.2. Internal Organization
5.3. Settlement of Investor Operations
5.4. Brokerage Margins
5.5. Broker Liability and Prohibited Transactions
5.6. Sources of Information for Investors
5.7. Company Disclosure Obligations
5.8. LSEG Workspace and Bloomberg
5.9. The Impact of Global Stock Exchanges on Polish Company Prices
5.10. Regulations on Rumors and Insider Trading
5.11. Corporate Event Information System
5.12. Financial Market Mistakes and Myths
5.13. Real and Illusory Investor Advantages
5.14. Risk Diversification and Its Causes
Type of course
Mode
Learning outcomes
After completing the course, the student:
Knowledge:
Knows and understands in-depth the research methodology and terminology within the discipline of management and quality science and in complementary disciplines (economics and finance, legal sciences), particularly in the area of financial management and accounting (S5_W01)
Knows and understands in-depth the principles, procedures, and practices of financial management in organizations, accounting, management of financial institutions, and the strategies of financial institutions (S5_W02)
Knows and understands in-depth the legal regulations related to the functioning of organizations and the entire economy (S5_W04)
Knows and understands complex technological, social, political, legal, economic, and ecological processes and phenomena, and their impact on financial decisions in organizations, the functioning of organizations, and the entire economy, including the principles of industrial property protection and copyright (S5_W05)
In terms of skills:
Is able to use the theory of management and quality sciences and complementary sciences (economics and finance, legal sciences) to recognize, diagnose, and solve problems related to financial decisions in organizations and the management of financial institutions, using the appropriate selection of sources and adapting existing or developing new methods (S5_U01)
Is able to correctly interpret complex technological, social, political, legal, economic, and ecological processes and phenomena, and their impact on financial decisions in organizations, the functioning of organizations, and the entire economy, using the appropriate selection of sources (S5_U02)
Is able to adapt analytical methods and ICT tools and select market data sources to diagnose problems and make decisions in the capital market. (S5_U03)
Is able to formulate and test research hypotheses regarding capital market behavior and the effectiveness of investment advisory strategies. (S5_U04)
Is able to propose investment solutions and strategies under conditions of high volatility and unpredictability in the capital market. (S5_U05)
Is able to independently and collaboratively prepare analyses, diagnoses, and reports on complex and unusual problems related to financial management in organizations, accounting, the management of financial institutions, and the strategies of financial institutions, and present them communicatively, also in English - using information and communication tools (S5_U06)
Is able to independently develop knowledge of financial markets, track changing regulatory and market trends, and support the team in the self-education process. (S5_U08)
In terms of attitudes:
Is ready to evaluate and critically approach complex situations and phenomena related to financial management in organizations, accounting, and the management of financial institutions financial institutions and strategists (S5_K01)
Is ready to think and act in an entrepreneurial manner on a national and global scale (S5_K02)
Is ready to initiate business activities and investment advisory that benefit the community and the environment, with particular emphasis on ESG criteria and responsible investing. (S5_K03)
Is ready to adhere to and develop professional ethical standards (S5_K01).
Assessment criteria
- written test (open and closed questions) in person,
- active participation in classes (exercises, case studies).
Bibliography
Czekaj J., Rynki, instrumenty i instytucje finansowe, Wydawnictwo Naukowe PWN, 2017
Sopoćko A., Rynkowe instrumenty finansowe, Wydawnictwo Naukowe PWN, Warszawa 2010.
Płókarz R. (2013). Globalne rynki finansowe: praktyka funkcjonowania, Wydawnictwo Naukowe PWN, Warszawa.
Schiller R.J Animal Spirits. How Human Psychology Drives Economy, Princeton 2009