Players and instruments in secondary market

2. The Role Of Stock Exchanges in Secondary
Market
• Raising capital for businesses.
• Mobilizing savings for investment.
• Facilitating company growth.
• Profit sharing.
• Creating investment opportunities for small investors.
• Government capital-raising for development projects.
• Barometer of the economy.

3. Major Players in Secondary Mkt
 Brokerage & Advisory services:
Commission Broker
 Jobber
 Floor Broker
Taraniwalla
 Odd Lot Dealer
 Budliwalla
 Arbitrageur
 Security Dealers

4. Major Players in Secondary Mkt
 Financial Intermediaries:
Commercial Banks
 Development Financial Institutions
 Insurance Company
Mutual Fund
Non Banking Financial Concerns(NBFC)
• Individual/Retail Investors

5. Major Instruments of Secondary Market  Fixed Income Instruments: bond
- Debenture
- Corporate/Gilt edge Bond
-Term/Fixed Deposit
-Preference stock
-Mortgage backed or Assets backed securities
- Life Insurance or Annuity pension plan
 Variable Income Instruments:
- Equity
- Derivative

6. Major Instruments of Secondary Market
contd….
 Hybrid Income Instruments :
- Mutual Fund
- basket D(75% equity + 25% loan)
- Convertible Preferential share.

7. MAJOR PLAYERS IN STOCK MARKET

8. Thank You