Class Notes (808,754)
Canada (493,378)
York University (33,539)
ADMS 3530 (82)


2 Pages
Unlock Document

York University
Administrative Studies
ADMS 3530
Sofia Johan

Two methods for underwriting: a) Bought deal • Underwriters buy issue at lower price and resell to public. Assume full risk a) Cannot back out b) Best-efforts • Do not actually buy (acts as middle man) receive % commission on sale • Issuing company is small and speculative Powers of Securities Exchanges • Delay opening • Halt trading • Suspend trading • Delist or cancel security if: 1. 2. 3. 4. 5. 6. Company failed to comply with terms of listing agreement • Below minimum level of net assets rd The Over?the?Counter Markets-OTC (3 market) Negotiated Market—DEALER MARKET • Ø Unlisted shares -- No formal exchange • trade on the NEX board separate from the TSX Venture board Fourth Market • transactions among large institutions • no intermediaries Instinet (part of 4 market) • electronic trading network • allows institutions to trade among themselves Stock Market Indicators S&P/TSX 300 • 300 largest securities regardless of industry group • It is a market value weighted index e.g. more weight to large highly valued stocks • Calculated total market value of the 300 stocks today and yesterday to find change in index. • For example : opening index8700 closing index 850,index de
More Less

Related notes for ADMS 3530

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.