Introduction to the Equity Markets
9.00am

Introductions
Delegates introduce themselves and give details of their experience and their position within the company. They also state what they wish to gain from the course and any specific goals they may have.

Team Discussions on the Following Points:
What is a Company? (Private Ltd and Public Ltd)
What is risk?
What is a share?

Types of Share
Ordinary, preferred
ADRs
Why companies issue them
Why investors buy them

10.45am - 11.00am Break

Primary Market
Issues and risks for the company in issuing shares
The UKLA: case study of a recent IPO

Secondary Market
Equity market jargon
Group discussion: analysis of a recent equity market report
What is the market place? What affects it?
Major investors in the market: Institutional and retail.

12.30pm - 1.30pm LUNCH: Delegates will have a multiple-choice quiz
covering the day so far to complete

The Stock Markets: Order book and Quote Driven trading
Open outcry & Electronic trading
The major markets: United States, UK, Western Europe and the Far East.
Outline of trading mechanisms in the major markets
Settlement: BET, CREST, EUROCLEAR and CLEARSTREAM

Regulation of the Market
Self-regulation vs. Statutory
Regulation in the UK: the FSA, authorisation and investor protection
Structure of the FSA and the importance of the new regime

2.20pm - 2.50pm Break incorporating a team exercise

Insider dealing - What is it?
3 stages: placement, layering, integration detection and surveillance
Money laundering -
Responsibilities, Detection, Punishments

Investment Issues
Selecting and Valuing shares Income vs Capital growth
Take-overs and mergers (logic and structure)
Case study of a recent hostile take-over battle
Video Option - BBC 1999 'Blood on the Carpet' Corporate take-overs documentary.

5.00 Summary of the day, any further questions
Delegates are asked what they feel they have achieved

5.15pm course ends