FINA3307 Trading in Securities Markets

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 2UWA (Perth)Face to face
Details for undergraduate courses
  • Level 3 option in the Finance major sequence
  • Category B broadening unit for students
  • Level 3 elective
Content
This unit introduces students to the theory and practice of securities trading at exchanges and in dealer markets. In contrast to traditional models of finance that assume perfect markets, the unit examines how trading and the design of markets affect volatility, liquidity, trading costs, price efficiency and trading outcomes.
Outcomes
Students are able to (1) describe the structure of different markets and how securities are traded; (2) discuss the motivations for trading; (3) identify trading costs and seek ways to measure and minimise them under different market structures; (4) evaluate the links between market structure, trading efficiency and asset pricing and provide probable explanations for financial market anomalies and regularities; and (5) demonstrate the ability to apply the concepts and theory to practice.
Assessment
Typically this unit is assessed in the following ways: (1) trading sessions activities; (2) tutorial participation; and (3) examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Professor Sirimon Treepongkaruna
Unit rules
Prerequisites:
FINA3324 Investment Analysis
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
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  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.