History of Securities Markets Archives

Two dancers symbolizing investors and issuers exchanging promises in a WI transaction, representing the intricate relationship in the financial markets

When Issued: Understanding Pre-Issuance Transactions in Finance and Investment

October 1, 2025 FinanceFacts101 Business Finance

Introduction to When Issued The financial markets term “when issued” (WI) refers to a transaction that is conditional since a security has been authorized but not yet released. This concept applies to various securities, such as treasury securities, stock splits, and new issues of stocks or bonds. The significance of

Understanding Visible Supply – A Key Concept in Commodity and Securities Markets

September 14, 2025 FinanceFacts101 Market Trends

Introduction to Visible Supply Understanding the concept of visible supply is essential in markets dealing with commodities or securities where goods are not consumed instantly upon purchase but can be stored, transported, or traded as futures contracts. Visible supply refers to the amount of a good or commodity that is

Understanding the Dynamics between Spot Prices and Futures Prices: A Comprehensive Guide for Institutional Investors

July 11, 2025 FinanceFacts101 Business Finance

Definition and Basics of Spot Prices In the realm of finance and investment, a spot price refers to the current exchange price for an asset at which it can be bought or sold for immediate delivery. This concept is most commonly associated with commodities markets; however, it applies equally to

Understanding Qualified Institutional Buyers (QIBs): Definition, Role in Rule 144A Offerings, and Impact on Securities Market

May 28, 2025 FinanceFacts101 Business Finance

Overview of a Qualified Institutional Buyer (QIB) A qualified institutional buyer (QIB) is a distinguished class of investor in the financial markets that holds substantial investment experience and manages significant assets. QIBs are crucial players in the securities industry, as they can participate in trading certain restricted or control securities

Understanding Qualified Domestic Institutional Investor (QDII) Programs: An Insight into Foreign Investment by Chinese Institutions

May 28, 2025 FinanceFacts101 Business Finance

Introduction to QDII Programs The Qualified Domestic Institutional Investor (QDII) program is an essential component of China’s financial landscape that allows select Chinese institutional investors to participate in foreign securities markets. First introduced in April 2006, the purpose of these programs is to promote economic development and enhance international investment

The Negotiated Dealing System (NDS): Understanding this Electronic Trading Platform for Indian Government Securities

March 25, 2025 FinanceFacts101 Finance Policy

Overview and History of the NDS The Negotiated Dealing System (NDS) is a revolutionary electronic trading platform operated by the Reserve Bank of India (RBI) to facilitate the issuance, exchange, and dealing of Indian government securities and other money market instruments. Designed to address the inefficiencies that plagued the traditional

Understanding the Role and Impact of the National Association of Securities Dealers (NASD) on the Modern Financial Markets

March 20, 2025 FinanceFacts101 Business Finance

History of NASD: Founding and Early Development The National Association of Securities Dealers (NASD) was an essential entity in the financial markets, playing a critical role as both a regulatory organization and the leading founder of the NASDAQ stock market. Established in 1939 under provisions of the Securities Exchange Act