2. STOCK MARKET
Place where shares of pubic listed
companies are traded.
Primary market - companies float
shares to the general public in an IPO
to raise capital.
Secondary market – where securities
are traded after the company has sold
all the stocks offered on primary
market
3. INTERMEDIARIES
Stock brokers
Share transfer agents
Trustees of trust deeds
Registrars to an issue
Merchant bankers
Underwriters
Custodians
Credit rating agencies
4. FUNCTIONS
Provides Liquidity & Marketability to
investment in securities
Channelize the savings into corporate
enterprise & productive venture
Indicate the market price of securities,
barometer to the economy
Ensures transparency in security
transactions