Classification Paragraph by Yuliya Kabanenko

Yuliya Kabanenko
Group#13

The main institutions of stock market are: stock exchange and electronic trading system, system of independent registrars and depositary clearing system. Stock exchange and electronic trading system are to organize the trading process of securities. System of independent registrars is to draw up a register book of the securities’ owners, operate an issuer’s account and keep a record of yield on securities. Depositary clearing system is to transfer the securities and funds between the securities’ traders. In its tern electronic trading system is divided into two types: exchange and non-exchange ones. The first one is represented by exchanges and auctions, and the second one by exchange stores and floors and self-governing organizations.