UK Trader 's Bible

How does a trader work? Want to know the life and the terms?

Contents:

Section 1 – How The UK Stock Market Works 1
The Modern Stock Market 3
The markets 3
London Stock Exchange trading platforms 7
Important listing rules 8
Retail Service Providers (RSPs) 8
Institutional crossing 10
Stock lending and borrowing 12
London Stock Exchange Trading Platforms 20
SETS 20
SEAQ 34
SETSmm 58
SETS AND SETSmm auctions 61
SEATS Plus 66
Share Certificates and CREST 67
Contracts For Difference 68
Spread Betting 86
Other Trading Instruments 88
Universal Stock Futures 88
Exchange Traded Funds (ETFs) 88
Covered warrants 90
Benchmark Certificates 90
LyxOR Gold Bullion Securities (GBS) 91
American Depositary Receipts (ADRs) 92
Portfolio/Basket Trading 94
Principal portfolio trading 94
Agency portfolio trading 96
Futures and index arbitrage 98
Equity block trades and bought deals 101
Section 2 – Trading Notes & Strategies 107
Daily Diary 109
Basic structure of the UK trading day 109
07.00-08.00: Pre-market preparation 109
07.50-08.00: Opening auction 114
08.00: Market open 116
08.00-16.30: Continuous trading 116
Philadelphia Stock Exchange Semiconductor Index (SOX) 117
14.30: US markets open 125
16.30-16.35: Closing auction 125
After market trade reporting 125
18.30: RNS closes 125
News 126
Trading The UK Market On Margin 135
CFD providers’ shareholdings 145
Company Watch 147
Company news 147
Company statements 159
Court cases and Cause Lists 163
Dividends 164
Share splits and consolidations 167
Stock buy-backs 170
IPOs and conditional dealings 172
Public offers, placings and rights issues 173
Equity lines of credit 181
Directors’ dealings 181
Broker upgrades and downgrades 202
Market Watch 205
Auction imbalances 205
Following the clever money 208
Meetings and resolutions 216
Volatility and VIX 216
Event Opportunities 220
Lock-up expiries 220
Index reviews, re-weightings and investability changes 222
Sector switches and re-ratings 230
Credit rating changes 231
Futures and options expiries 234
Market Neutral Strategies 236
Pairs trading 236
Balance sheet arbitrage 242
Convertible bond arbitrage 243
Dual listed shares and cross border arbitrage 245
Takeovers 247
The Takeover Code 247
Offer period 249
When an announcement is required 249
Types of announcement 250
Bid timetable 250
Regulatory issues 252
Mandatory offers 253
Dealings and transactions 253
Schemes of arrangement 254
Substantial Acquisition Rules (SARs) 259
Tender offers 260
Partial offers 262
Comparison of offer types 262
The regulators 263
Inducement fees and break fees 270
Due diligence 270
Transaction types 271
Risk arbitrage – analysis of a situation 272
Financing 273
Competing offers 282
Event failure 287
Acceptances 287
Protection from siege warfare 288
Greenmail 289
Offer obligations 289
Stub equity 290
Accounting changes 290
MBOs 290
Triple net asset value (property assets) 291
Online M&A resources 291
Appendices 293
Glossary 295
Directory of online stockbrokers 303
Directory of CFD brokers 304
Directory of spread betting firms 305
Trading resources 306
Stock codes 309
Trade codes 311
Market Maker codes 314
Stock indices – UK 315
Stock indices – International 317
Company profile of the FTSE 100 Index 319
Sector profile of the FTSE 100 Index 323
FTSE 100 Quarterly Reviews 324
Derivatives dealing comparison table 326
Cash shells 327
Shell companies 328
UK ADRs 329

[此贴子已经被作者于2008-12-22 17:53:08编辑过]