Market Structure, Efficiency and Arbitrage

What is a Securities Market?

Examples of Financial Markets

Example: The IEM

Goals of Financial Market Participants

Market Structure

Examples

Some Market Terminology:.Order Types

IEM Example

Some Market Terminology:.Market Makers

Some Market Terminology:.Market Makers

Some Market Terminology:.Market Makers

Some Market Terminology:.Market Makers

Market Structure and Security Prices

Information and.Financial Markets

Implications of the.Efficient Markets Hypothesis (EMH)

Arbitrage

IEM Example

IEM Example

IEM Example