Indices DJIA S&P 500 DAX 30 Nasdaq 100 Nasdaq Comp Nikkei 225 FTSE 100 SMI DJ Stoxx 50 CAC 40 Hang Seng Kospi Nyse Comp AMEX   -     -     -     -     -     -     -     -     -     -     -     -     -     -   10911 1137.4 5732.4 2127.7 2438.1 8981.9 5072.1 4984.1 2161.9 5732.4 19614.7 1817.4 7017.6 2174.7 Commodites Light Crude Oil Brent Crude Copper Gold Pallad Platinum Silver Dow Diamonds QQQQ   -     -     -     -     -     -     -     -     -   83.08 106.28 1.17 1758.7 730.5 1782 38.21 109.16 55.42 Last update: 11-08-2011 14:29:00 (GMT - Live)

Exchange-Traded Funds - Types Type of Orders Stop order Fill or Kill order SEAQ, SETS, SEATS Plus or SEAQ International Stocks Categories of Stock Types of Stock Bonds Funds Mutual Funds Exchange - Traded Fund (ETF) Exchange - Traded Fund (ETF) - Investment uses Exchange - Traded Fund (ETF) - Types of ETFs Exchange - Traded Fund (ETF) - Structure Exchange - Traded Fund (ETF) - ETFs compared to mutual funds Exchange - Traded Fund (ETF) - History Exchange - Traded Fund (ETF) - Criticism Bonds Forward contract Non-deliverable forward Basis Broker Depth of market (DOM) Open Outcry Trading at CME Full map of the CME trading floors Commodity Trading Advisor (CTA) General Structure of a Managed Account General Structure of a Futures Fund Commodity Pool Operator (CPO) Hedge Funds - overwiew Hedge Funds - REGULATORY REQUIREMENTS FEDERAL SECURITIES LAWS: Exemption from Registering Hedge Fund Interests As Securities FEDERAL SECURITIES LAWS: Exemption from Registration as an Investment Adviser Exemptions from Registration as a Commodity Trading Advisor About the Introducing Brokers Introducing Brokers: Volume and Commissions Introducing Brokers: Income Associated Persons (APs): The Exam CTA career: Discretionary Strategies CTA career: Registration Requirements, Cost CTA Registration and Audits: Being Audit Ready, General Information and Records Proprietary Traders "Local" Traders Scalpers Proprietary Traders Rate of Return Calculations Margin-to-Equity Ratio Commission-to-Equity Ratio Sharpe Ratio Requirements for Floor Brokers What is the NYSE? What is the NYSE Arca? How the NASDAQ Market Works? How to Read a Stock Table The major UK indices Price Earnings ratio (P/E) Top Down and Bottom Up Strategy Value v growth strategy Large v small cap strategy Understanding Warrants Managed Futures: Pitfalls in Performance Evaluation Secrets of Successful Trading in Commodities and Financial Futures The Genesis of Over The Counter Interest Rate Derivatives Dow Theory Introduction Types of Equity Derivative Naked short selling Municipal bond Credit derivative Money market Money fund Treasury Securities (notes. bills, bonds etc.) Federal funds Commercial paper Certificate of deposit Eurodollar deposits London Interbank Offered Rate (LIBOR) Euro Interbank Offered Rate (EURIBOR) Prime rate Exchange-traded notes (ETNs) ETNs - Structure ETNs - Advantages ETNs - Disadvantages ETNs - Prospect and Conclusion Day Trading Day Trading - Characteristics Day Trading - History Day Trading - Techniques Day Trading - Cost Day Trading - Regulations and Restrictions Scalping Scalping - Market manipulation Scalping - Factors affecting scalping Efficient-market hypothesis Types of ETFs Index ETFs Most ETFs are index funds that hold securities and attempt to replicate the performance of a stock market index. An index fund seeks to track the performance of an index by holding in its portfolio either the contents of the index or a representative sample of the securities in the index. Some index ETFs, known as leveraged ETFs or short ETFs, use investments in derivatives to seek a return that corresponds to a multiple of, or the inverse (opposite) of, the daily performance of the index.[15] As of February 2008, index ETFs in the United States included 415 domestic equity ETFs, with assets of $350 billion; 160 global/international equity ETFs, with assets of $169 billion; and 53 bond ETFs, with assets of $40 billion. Some index ETFs invest 100% of their assets proportionately in the securities underlying an index, a manner of investing called "replication." Other index ETFs use "representative sampling," investing 80% to 95% of their assets in the securities of an underlying index and investing the remaining 5% to 20% of their assets in other holdings, such as futures, option and swap contracts, and securities not in the underlying index, that the fund's adviser believes will help the ETF to achieve its investment objective. For index ETFs that invest in indexes with thousands of underlying securities, some index ETFs employ "aggressive sampling" and invest in only a tiny percentage of the underlying securities. Commodity ETFs Commodity ETFs invest in commodities, such as precious metals and futures. Among the first commodity ETFs were gold exchange-traded funds, which have been offered in a number of countries. Commodity ETFs generally are index funds, but track non-securities indexes. Because they do not invest in securities, commodity ETFs are not regulated as investment companies under the Investment Company Act of 1940 in the United States, although their public offering is subject to SEC review and they need an SEC no-action letter under the Securities Exchange Act of 1934. They may, however, be subject to regulation by the Commodity Futures Trading Commission. Currency ETFs In 2005, Rydex Investments launched the first ever currency ETF called the Euro Currency Trust (NYSE: FXE) in New York. Since then Rydex has launched a series of funds tracking all major currencies under their brand CurrencyShares. In 2008, Deutsche Bank's db x-trackers launched Sterling Money Market ETF (LSE: XGBP) and US Dollar Money Market ETF (LSE: XUSD) in London. Actively managed ETFs Actively managed ETFs are quite recent and have been offered only since 25 March 2008 in the United States. The actively managed ETFs approved to date are fully transparent, publishing their current securities portfolios on their web sites daily. However, the SEC has indicated that it is willing to consider allowing actively managed ETFs that are not fully transparent in the future. The fully transparent nature of existing ETFs means that an actively managed ETF is at risk from arbitrage activities by market participants who might choose to front-run its trades. The initial actively traded equity ETFs have addressed this problem by trading only weekly or monthly. Actively traded debt ETFs, which are less susceptible to front-running, trade their holdings more frequently. The initial actively managed ETFs have received a lukewarm response and have been far less successful at gathering assets than were other novel ETFs. Among the reasons suggested for the initial lack of market interest are the steps required to avoid front-running, the time needed to build performance records, and the failure of actively managed ETFs to give investors new ways to make hard-to-place bets. Exchange-traded grantor trusts An exchange-traded grantor trust share represents a direct interest in a static basket of stocks selected from a particular industry. The leading example is Holding Company Depositary Receipts, or HOLDRS, a proprietary Merrill Lynch product. HOLDRS are neither index funds nor actively-managed; rather, the investor has a direct interest in specific underlying stocks. While HOLDRS have some qualities in common with ETFs, including low costs, low turnover, and tax efficiency, many observers consider HOLDRS to be a separate product from ETFs. Leveraged ETFs A leveraged exchange-traded fund, or simply leveraged ETF, are a special type of ETF that attempts to achieve returns that are more sensitive to market movements than a non-leveraged ETF.[22] For instance, a bullish leveraged ETF might attempt to achieve daily returns that are 1.5, 2.0, 2.5, or 3.0 times more pronounced than the Dow Jones Industrial Average or the S & P 500. Leveraged ETFs require the use of financial engineering techniques, including the use of equity swaps, derivatives and rebalancing to achieve the desired return. GNU License