Qauv ntawm lub lag luam ntawm kev nyab xeeb thiab nws cov versatility

Ib lub koom haum, kev nyab xeeb kev ua lag luam - ib tug tag nrho economic system, uas tas cov mov thiab thov rau lawv. Securities muab nyob rau hauv daim ntawv ntawm cov teb, ntau yam daim ntawv pov. Lawv yuav tsum tau siv rau cov tswv ntawm qhov kev koom thiab raws li collateral. Cov Central Bank tej zaum yuav sau npe los yog cov neeg uas hnov.

Cov neeg koom ntawm cov kev pauv lag luam yog peev tsev, issuers thiab tub ua lag luam. Txauv ua lag luam ntawm kev nyab xeeb yog inherently - ib feem ntawm lub zuag qhia tag nrho cov nyiaj txiag ua lag luam, los ntawm txoj kev uas tus ceev kom cov kev nqis peev uas nyob rau hauv ntau yam nyiaj txiag sectors.

Qauv ntawm lub lag luam ntawm kev nyab xeeb yuav tsum muaj cov nram no nyob rau hauv lub Statement: lam; ua lag luam (stock exchange thiab OTC); kav pej xeem cov tub ceev xwm; ib tug neeg koom haum thiab lawv tus kheej infrastructure. Tus qauv ntawm lub kev nyab xeeb kev ua lag luam yog complex thiab multifaceted, muaj ntau yam yam ntxwv. Yog li ntawd, nyob rau hauv thiaj li yuav soj ntsuam nws kom zoo, koj yuav tsum xav txog txhua lub caij nyob rau hauv kom meej. Peb pib nrog cov kev nyab xeeb kev ua lag luam chaw.

Rau kev ua lag luam koom muaj xws li tub ua lag luam, issuers, kev hauv tsev. Nyob rau hauv lem, ua lag luam Tshuag yog subdivided CB: thawj lag luam thiab cov theem nrab. Nyob rau hauv cov thawj kev ua lag luam, cov private kev nyab xeeb muab tso ua ntej thiab recurrent qhov teeb meem ntawm cov neeg ua lag luam nyob rau hauv ib tug ncaj qha txwv kom muaj nuj nqis. Thaum cov thawj pej xeem kev ua lag luam kev nyab xeeb yog muaj rau tag nrho cov tub ua lag luam nyob rau hauv ib tug tsis muaj kev txwv hauv paus. Cov theem nrab kev ua lag luam yog tseem muab faib ua ob pawg - ib tug Tshuag txauv thiab OTC ciaj uas muag. kev nyab xeeb ntawm loj tuam txab muag nyob rau hauv Tshuag lag luam, uas sib tau kev ua lag luam qauv (lawv muaj lis ib tug loj tus naj npawb ntawm shares, muab cov neeg kawm ntawv muaj kev cia siab). OTC ua lag luam yog ua hauj lwm nrog rau lwm cov tub ua lag luam - loj tuam txhab uas muag, uas nws pace thiab loj ntawm ib tug ob peb tsis tau tsim uas yuav tsum tau ntawm cov kev pauv lag luam. Ntxiv mus, lub OTC ua lag luam yog yus muaj los ntawm heev liquidity ntawm txawv stocks. Nyob rau hauv tej lub teb chaws, lub volume ntawm cov tshuaj OTC ua lag luam yog muaj sib npaug thiab tej zaum kuj ho ua ntej ntawm qhov ntim ntawm kev pauv raws li kev lag luam (New York Tshuag Exchange thiab Lavxias teb sab). Muag khoom ntawm tsoom fwv kev nyab xeeb kuj ntawm lub OTC ua lag luam.

Kev ua lag luam qauv ntawm cov kev nyab xeeb tsis pub dhau nws tus kheej los yog lwm nyob rau hauv lawv tus kheej infrastructure muaj cov nram qab no. Nws yog kev cai lij choj department, ntaub ntawv, ib daim ntawv, tshem thiab hais sib haum thiab sau npe. Ntxiv mus, tag nrho cov departments muaj ib tug txawv orientation, daws tau ntau txoj kev sib tw ntawm cov kiab khw. Thiab hais tias, saum toj no tag nrho, cov kev koom haum ntawm lub trading txheej txheem, tus tsim ntawm tus nqi ntawm lub hoob no, muab tag nrho cov ntaub ntawv tsim nyog rau bidders, credit xeev, kom ntseeg tau liquidity, etc.

Kev ua lag luam qauv ntawm cov kev nyab xeeb nyob rau hauv nws muaj pes tsawg leeg kuj muaj ntau hom kev Tshuag exchanges. Piv txwv li, nws yog ib tug pej xeem Tshuag exchanges, ntiav thiab mixed.

Nyob rau hauv cov ntaub ntawv no, tus txheej txheem ntawm lub koom haum kev lag luam tej nqi khoom vaj khoom tsev rau lawv, txoj kev thiab mechanisms siv bidding txawv me ntsis. Nws tag nrho cov nyob rau hauv lub degree ntawm kev loj hlob ntawm lub lag luam Tshuag, tus naj npawb ntawm cov kev nyab xeeb, raws li tau zoo raws li tus xov tooj ntawm kev txiav txim rau lawv siv los yog yuav, nyob rau cov kev hloov ntawm cov nqi taw. Cov nram qab no trading txoj kev yog siv mas. Qhov no yog - ib tug yooj yim auction thiab ib tug muab ob npaug rau. Nyob rau hauv lem, qhov yooj yim twv yuav raug teem nyob rau hauv daim ntawv ntawm ib tug auction muag khoom, buyer, los yog los ntawm neej ntawd. Hauv plawv ntawm cov neeg muag khoom yog nce tus nqi ntawm lub kev nyab xeeb nyob rau hauv lub txib txheej txheem. Hauv plawv ntawm lub buyer yog qhov opposite. Ntawm no, ib tug txo nyob rau hauv tus nqi ntawm kev nyab xeeb nyob rau hauv lub txib txheej txheem. Nyob rau hauv cov lag luam auction raws li nyob rau hauv xov xwm dag tsawg tus naj npawb ntawm cov cuab tam (CB) nrog pom zoo nqi pib, uas yuav muab muag xwb nruj me ntsis txhais lub sij hawm luv. Tom qab nws kawm tiav, cov neeg muag khoom yog xav tias tag nrho muaj daim ntaub ntawv thiab muag cov kev nyab xeeb ntawm cov nqi uas muab los ntawm lub buyer saum toj no ib tug pib theem, los yog tejzaum sib npaug zos rau nws.