{"id":24869,"date":"2011-05-23T13:21:00","date_gmt":"2011-05-23T13:21:00","guid":{"rendered":""},"modified":"2020-09-25T09:34:46","modified_gmt":"2020-09-25T09:34:46","slug":"mecanismul-tranzactiilor-2","status":"publish","type":"post","link":"https:\/\/rubyskynews.com\/index.php\/2011\/05\/23\/mecanismul-tranzactiilor-2\/","title":{"rendered":"MECANISMUL TRANZACTIILOR"},"content":{"rendered":"
<\/div>

a) Initierea tranzactiei, prin stabilirea legaturii intre client si soc. de bursa si transmiterea de catre primul a ordinului de vanz.\/cump. Primul pas este deschiderea de catre firma broker a unui cont in favoarea clientului. Al doilea pas este plasarea ordinului de catre client.<\/p>\n

Tipuri de ordine:
\n– la piata (la cel mai bun pret)
\n– limita (se precizeaza pretul min sau max la care realiz. tranz.)
\n– stop (de limitare a pierderii)<\/p>\n

Instructiuni pt. brokeri
\n-instr. “la zi”
\n-instr. “bun pana la anulare”
\n-instr. “totul sau nimic”
\n-instr. “executa sau anuleaza”
\n-instr. “la deschidere”
\n-instr. “la inchidere”
\nb) Neg. contractului<\/p>\n

Modalitati de neg.
\n– neg. pe baza de carnet de ordine
\n– neg. prin inscrierea pe tabla
\n– neg. prin anuntarea publica a ordinelor
\n– neg. in “groapa”
\n– neg. pe blocuri de titluri
\n– neg. electronica<\/p>\n

c) Executarea contractului
\n– lichidare directa
\n– lichidare centralizata<\/p>\n

L. directa: transmiterea titluri de la soc. de bursa care a vandut la soc. de bursa care a cump si transformarea in sens invers a contravalorii titlurilor pt. fiecare din contr. care au fost incheiate in bursa.<\/p>\n

L. centralizata (prin cliring)
\n-principiul compensarii obl. de acelasi fel si de sens contrar; vanz. facute in bursa sunt compensate de cump., a.i. participantii la tranzactii le revine obligatia de a regla soldurile astfel rezultate.
\n– se face prin casa de depozit (antrepozit central pt. toate titlurile detinute de membrii sai) si prin casa de cliring (efectueaza compensatiile si determina soldurile credit\/debit ale membrilor sai referitor la titlurile si fondurile banesti corespunzatoare)
\nBursa de valori de la New York – pers. principal -“specialistul” lucreaza pe baza de carnet de ordine<\/p>\n

Functiile specialistului
\n1) de a stabili cotatia de deschidere
\n2) ia in calcul toate ordinele de bursa care i-au fost transmise
\n3) stabileste piata pe baza cererii si ofertei
\n4) devine un reper pt. toti ag. de bursa interesati in titlurile respective
\n5) de a mentine un pret corect si ordonat
\nSpecialistul trebuie sa intervina direct pe piata in calitate de contraparte: vinde din stocurile sale, cand cererea este prea mare si cumpara in contul sau, cand oferta este in exces.<\/p>\n

Executarea ordinelor
\n1) procedura traditionala prin neg. si contractare de catre ag. de bursa
\n2) procedura automatizata prin utilizarea unor sisteme electronice de transmitere si executare a ordinelor<\/p>\n

Modernizarea bursei
\n1) Liberalizarea
\n2) Electronizarea (reducerea costurilor, cresterea operativitatii)
\na) Marele salt de la Londra
\nb) Tranzactiile non-sstop de la NYSE
\nAvantajele electronizarii
\n– se reduce semnificativ costul tranzactiilor
\n– este facilitata neg. neintrerupta
\n– se diminueaza riscurile de manipulare
\n– permite accesul direct al investitorilor la piata
\n3) Internationalizarea<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

a) Initierea tranzactiei, prin stabilirea legaturii intre client si soc. de bursa si transmiterea de catre primul a ordinului de vanz.\/cump. Primul pas este deschiderea de catre firma broker a unui cont in favoarea clientului. Al doilea pas este plasarea ordinului de catre client. Tipuri de ordine: – la piata (la cel mai bun pret) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"yoast_head":"\nMECANISMUL TRANZACTIILOR - Jobs\/ Internships\/ Scholarships\/<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rubyskynews.com\/index.php\/2011\/05\/23\/mecanismul-tranzactiilor-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MECANISMUL TRANZACTIILOR - Jobs\/ Internships\/ Scholarships\/\" \/>\n<meta property=\"og:description\" content=\"a) Initierea tranzactiei, prin stabilirea legaturii intre client si soc. de bursa si transmiterea de catre primul a ordinului de vanz.\/cump. 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