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Industry Risk Ratings Synopsis

This Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Venture Capital & Principal Trading in the US industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'.

The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk).

This approach is new in that it analyses non-financial information surrounding each industry. Industries are scored on a 9-point scale, where 1 represents the lowest risk and 9 the highest. The Industry Risk score measures expected Industry Risk over the coming 12-18 months.

Industry Definition

Product Description
Industry Market Research Synopsis

This Industry Market Research report from IBISWorld provides a detailed analysis of the Stock Exchange in the US industry, including key growth trends, statistics, forecasts, the competitive environment including market shares and the key issues facing the industry.

Industry Definition

This industry comprises establishments that provide physical trading floors or electronic marketplaces to facilitate the buying and selling of stocks, bonds, stock options, bonds, futures, or commodity contracts. It includes exchanges and electronic communication networks (ECNs).

Report Contents

The Key Statistics chapter provides the key indicators for the industry for at least the last three years. The statistics included are industry revenue, industry gross product, employment, establishments, exports, imports, domestic demand and total wages.

The Market Characteristics chapter covers the following: Market Size, Linkages, Demand Determinants, Domestic and International Markets, Basis of Competition and Life Cycle. The Market Size section gives the size of the domestic market as well as the size of the export market.The Linkages section lists the industry's major supplier and major customer industries. The Demand Determinants section lists the key factors which are likely to cause demand to rise or fall. The Domestic and International Markets section defines the market for the products and services of the industry.This section provides the size of the domestic market and the proportion accounted for by imports and exports and trends in the levels of imports and exports. The Basis of Competition section outlines the key types of competition between firms within the industry as well as highlighting competition from substitute products in alternative industries.The Life Cycle section provides an analysis of which stage of development the industry is at.

The Segmentation chapter covers the following: Products and Service Segmentation, Major Market Segments, Industry Concentration and Geographic Spread.The Products and Service Segmentation section details the key products and/or services provided by this industry, highlighting the most important where possible to demonstrate which have a more significant influence over industry results as a whole. The Major Market Segments section details the key client industries and/or groups as well as giving an indication as to which of these are the most important to the industry.The Industry Concentration section provides an indicator of how much industry revenue is accounted for by the top four players. The Geographic Spread section provides a guide to the regional share of industry revenue/gross product.

The Industry Conditions chapter covers the following: Barriers to Entry, Taxation, Industry Assistance, Regulation and Deregulation, Cost Structure, Capital and Labor Intensity, Technology and Systems, Industry Volatility and Globalization.The Barriers to Entry section outlines factors that can prevent a new company from entering this industry and also gives an indication of the extent to which this occurs.The Taxation section details all kinds of taxation that are specific or are particularly important to this industry, including taxation concessions.The Industry Assistance section refers to any government and/or other measures designed to improve the performance of this industry.The Regulation and Deregulation section details any applicable regulation and/or deregulation to this industry. The Cost Structure section details the average costs for a company operating in this industry as a percentage of total revenue. The Capital and Labor Intensity section provides a guide to the amount of capital used in production/providing a service compared to the amount of labor in the total mix of inputs.The Technology and Systems section acknowledges the latest technology and/or systems available to this industry within the country. Technology refers to machinery and equipment and systems refers to methods of production that enable better and more efficient production.The Industry Volatility section refers to the year on year fluctuations which occur in industry output.The Globalization section gives an indication of the extent to which the industry is global based on factors such as the level of foreign ownership, the proportion of demand accounted for by foreign operators and the volume of production conducted in other countries.

The Performance chapter provides an analysis of both the industry's Current Performance and Historical Performance.The Current Performance section provides the key analysis for the industry over the past five years with key performance indicators discussed. The Historical Performance section details previously important events in the development of the industry.

The Key Competitors chapter lists the major players in the industry as well as an analysis of each major player's activities in the industry.Market share information is included where possible.

The Key Factors chapter covers the industry's Key Sensitivities and Key Success Factors.The Key Sensitivities section outlines the key factors that are outside the control of an operator in the industry, but are likely to have significant impact on a business.The Key Success Factors section details the factors within the control of an industry operator and which should be followed in order to be successful in the industry.Often this will include behavior that will help to minimize the effects of the Key Sensitivities.

The Outlook chapter is a key analysis section of the report and outlines expectations for the key industry indicators over the next five year period, including forecasts. ... Read more

Product Description
This Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Stock & Commodity Exchanges in the US industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'.

The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk).

This approach is new in that it analyses non-financial information surrounding each industry. Industries are scored on a 9-point scale, where 1 represents the lowest risk and 9 the highest. The Industry Risk score measures expected Industry Risk over the coming 12-18 months.

Industry Definition

This industry provides physical trading floors or electronic marketplaces to facilitate the buying and selling of stocks, bonds, stock options, bonds, futures or commodity contracts. It includes exchanges and electronic communication networks.

Report Contents

Risk Overview

The Risk Overview chapter includes sections on Industry Definition and Activities, Industry Risk Score and Risk Rating Analysis.The Industry Definition and Activities section provides a detailed definition of the activities carried out by operators in this industry as defined in NAICS.A list of the primary activities of the industry is also included. The Industry Risk Score section provides the Overall Industry Risk Score as well as the Risk Scores for each of the three types of risk covered that combine to form the Overall Industry Risk Score. These three types of risk are Structural Risk, Growth Risk and External Sensitivity Risk. The Risk Rating Analysis section discusses the underlying factors contributing to the Overall Industry Risk Score.

Structural Risk

The Structural Risk chapter looks at risk arising from within the industry itself and provides a detailed discussion of the industrys level of exposure to seven key indicators.These key indicators are Barriers to Entry, Competition, Industry Exports, Industry Imports, Level of Assistance, Life Cycle Stage and Volatility of Industry.The Overall Structural Risk Score is a weighted aggregation of these seven key indicators.Each of the key indicators is discussed in detail in this section.

Growth Risk

The Growth Risk chapter looks at risks arising from the expected future performance of the industry. The Overall Growth Risk Score is determined by amalgamating the scores for Recent Industry Growth and Forecast Industry Growth. Detailed analysis is provided discussing the reasons for the growth scores of both.

Sensitivity Risk

The Sensitivity Risk chapter looks at risks arising from forces (sensitivities) external to the industry. The Overall External Sensitivity Risk Score is determined by identifying the most significant (up to 6) external factors and weighting them to represent how significant each sensitivity is to the performance of the industry.Examples of External Sensitivities are Exchange Rates, Interest Rates, Commodity Prices and Government Regulations. There is also a detailed analysis of the affect each of the sensitivities has on the industry, including charts and data tables where appropriate.

Industry Risk and Industry Risk Scoring Methodology

This chapter provides an overview of how IBISWorld defines Industry Risk and discusses the methodology used to arrive at an Industry Risk Score.There is also a table that provides a definition of the seven levels of Industry Risk.

52321 - Stock & Commodity Exchanges in the US ... Read more

Product Description
This Industry Market Research report from IBISWorld provides a detailed analysis of the Stock & Commodity Exchanges in the US industry, including key growth trends, statistics, forecasts, the competitive environment including market shares and the key issues facing the industry.

Industry Definition

This industry provides physical trading floors or electronic marketplaces to facilitate the buying and selling of stocks, bonds, stock options, bonds, futures or commodity contracts. It includes exchanges and electronic communication networks.

Report Contents

The About this Industry chapter provides general information about the scope of the industry such as an industry definition and a list of the main activities of the industry.

The Industry at a Glance chapter provides a brief snapshot of the key indicators of the industry such as industry revenue and forecast growth rate.

The Industry Performance chapter covers the following: Executive Summary, Key External Drivers, Current Performance, Industry Outlook and Industry Life Cycle. The Executive Summary section is a brief summary of the overall chapter. The Key External Drivers section looks at the key factors outside the control of an individual business that determine the industry's performance. The Current Performance section provides analysis for the industry over the past five years with key performance indicators discussed. The Industry Outlook section is a key analysis section of the report and outlines expectations for the key industry indicators over the next five year period, including forecasts. The Industry Life Cycle section provides a discussion of where the industry is at in its life cycle and how that is affecting industry performance.

The Products & Markets chapter covers the following: Supply Chain, Products & Services, Demand Determinants, Major Markets, International Trade and Business Locations. The Supply Chain section lists the key buying and key selling industries associated with this industry. The Products & Services section lists the products and services the industry provides including percentage breakdowns by key segment. The Demand Determinants section provides an analysis of the determinants behind the level of demand for the industry's products. The Major Markets section gives an analysis of the markets for the industry's products and how these markets may have changed over time. The International Trade section provides a discussion of the importance of trade to the industry. The Business Locations section highlights where the industry operates and why.

The Competitive Landscape chapter is a discussion of the characteristics of an average operator in the industry and who controls the market for the products of the industry.It includes the following sections: Market Share Concentration, Key Success Factors, Cost Structure Benchmarks, Basis of Competition, Barriers to Entry and Industry Globalization. The Market Share Concentration section discusses the level of concentration of the industry.The Key Success Factors section looks at the key internal factors that contribute to the success of an operator in the industry. The Cost Structure Benchmarks section discusses the average costs faced by operators in the industry.The Basis of Competition section is a discussion of the factors that can give a company in this industry a competitive edge. The Barriers to Entry section looks at the factors preventing new companies from entering the industry. The Industry Globalization section provides an indication to which the industry is affected by global operations and trends.

The Major Companies chapter analyses the companies that have the most substantial influence on the industry. Market Share figures and a discussion of the major companies operations within the industry are given where possible.

The Operating Conditions chapter covers the following: Structural Risk Index, Investment Requirements, Technology & Systems, Industry Volatility, Regulation & Policy, Industry Assistance and Taxation Issues. The Structural Risk Index section provides an indicator of the level of risk faced by operators in the industry. The Investment Requirements section is an analysis of the level of capital investment required to operate in the industry.The Technology & Systems section discusses the key technologies used by the industry.The Industry Volatility section looks at the level of in the industry and the factors behind this volatility. The Regulation & Policy section looks in to the regulatory measures the industry is subject to and the corresponding compliance burden faced by operators in the industry. The Industry Assistance section discusses the level of assistance the industry receives from Government. The Taxation Issues gives a comparison between the level of tax burden on this industry compared to other industries and discusses industry-specific taxation measures placed upon it.

The Key Statistics chapter provides the key indicators for the industry for at least the last three years. The statistics included are industry revenue, industry value added (or gross product), establishments, enterprises, employment, exports, imports, wages, domestic demand and any relevant industry-specific data where appropriate. There is also a Historical Performance section that discusses the key past events that have determined industry performance. ... Read more

Product Description
This digital document is a journal article from Journal of Multinational Financial Management, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
We investigate the impact of scheduled government announcements relating to six different macroeconomic variables on the risk and return of three major US financial markets. Our results suggest that these markets do not respond in any meaningful way, to the act of releasing information by the government. Rather, it is the 'news' content of these announcements which cause the market to react. For the three markets tested, unexpected balance of trade news was found to have the greatest impact on the mean return in the foreign exchange market. In the bond market, news related to the internal economy was found to be important. For the US stock market, consumer and producer price information was found to be important. Finally, financial market volatility was found to have increased in response to some classes of announcement and fallen for others. In part, this result can be explained by differential 'policy feedback' effects. ... Read more

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Why the Bubble Burst provides a comprehensive look at the most dramatic run-up in equity values in US history. Lawrance Evans takes the reader from theory to empirics, illustrating why we need to go beyond the efficient markets hypothesis and the theory of domestic irrational exuberance to fully unpack the unprecedented phenomenon, why the market was destined for a major decline and why the fallout will be severe and protracted.

Quantitative evidence suggests that mutual funds, international portfolio flows, and the decline in the amount of corporate equity outstanding all played an integral role in the stock market boom. These ingredients in the context of a supply and demand-based theory of equity price determination indicate that supply and demand forces unrelated to corporate profitability elevated US equity valuations to unsustainable levels.

The author’s conclusions carry implications for economic theory and policy, retirement security and stock market investments in general. Economists, finance professionals and policymakers will find this volume a unique investigation into the stock market boom and bust. ... Read more

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In the US stock market things have changed a great deal since the heady days of the 1980s and we are now entering an era of profound uncertainty, with most analysts predicting trouble ahead. Indeed, the alarming decline of the NASDAQ shows no sign of abating and the fear is that traditional industries will be the next to bite the dust. September 11th has only added to the gloomy mood.

A user-friendly overview of the inner workings of the US stock market, this book examines the current market conditions before looking back to the events of the past century - the Great Depression, the 1970s oil crisis, the party-for-the-rich atmosphere of the 1980s and the emergence of the new economy.

Product Description
Understanding how the Stock Exchange works is absolutely necessary when entering investing. Even today, a large portion of the population is directly or indirectly involved in the capital market. This Book is designed as a beginner's guide to investing, offering you basic knowledge regarding different investment prospects that are relevant to the stock market. Stock Exchange for Beginners covers a wide range of topics including stocks, bonds, trust funds, options, as well as stock market trading methods. ... Read more

Customer Reviews (1)

A Hands-On Practical Guide to Investing
I was very pleased with the material covered in this book.As a complete beginner I was able to become familiar with stocks, bonds, trust funds, options, and trading methods. I enjoyed learning though practical day-to-day examples that brought the course material to life. ... Read more

Product Description
This digital document is a journal article from Global Finance Journal, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
This paper investigates relationship between US stock prices and exchange rates controlling for the firm size over a period 1987-2005 using Granger causality methodology. We find Grainger causality from large-cap stocks to the exchange rate, but no causality for the small-cap stocks. This supports previous findings that global integration might be confined to large multinational corporations. Our analysis suggests that nature of the relation changes over time. The points of reversion correspond to the periods of major changes in US Federal Reserve Policy. Results for the sub-periods identified support the hypothesis of changing causality between exchange rate and stock prices. ... Read more

Product Description
This digital document is an article from Dollars & Sense, published by Economic Affairs Bureau on July 1, 1999. The length of the article is 2267 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: An impending stock market crash in the US is predicted to follow after soaring stock prices in the 1990s. Over the decade, the value of Standard and Poor's 500 rose almost 400%, and after adjusting for inflation, the increase is still about 250%. Likewise, the after-tax profits of corporations since 1988 have increased nearly 80%. Although it is widely accepted that the US stock market is overvalued, little is done to warn the public of the dangers this unrealistic scenario may bring.

Citation Details
Title: Too much of the bubbly on Wall Street?(overvalued US stock market)
Author: Dean Baker
Publication: Dollars & Sense (Newsletter)
Date: July 1, 1999
Publisher: Economic Affairs Bureau
Issue: 224Page: 10(4)

Distributed by Thomson Gale ... Read more

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This huge volume was published in 1901.

From the book's Preface:

In relating this, the Story of the Stock Ex-
change, on the occasion of the centenary of the
laying of the foundation-stone of its present
home, it is the pleasant duty of the narrator
to express his deep indebtedness to those
members and officials of the Institution, be-
sides others, who, themselves keenly interested
in the subject, have rendered him much kindly
aid, by placing at his disposal data, docu-
mentary and reminiscent, of the utmost value,
with which to supplement the result of his own
research.

It must not be assumed, however, that the
Story may be regarded as anything in the
nature of an official record of the history
of the Stock Exchange ; the narration has
been neither aided nor trammelled by official
inspiration.

It is based upon the contribution, tracing
the history of the House, which the narrator
was invited to make to the Stock Exchange
Souvenir, a sumptuously -produced work of
strictly limited circulation, compiled by Mr.
W. Eden Hooper, and published by Messrs.
Spottiswoode & Co., at the end of the century.
It was thought by generous critics that this
historical contribution to the Souvenir might
be worthy of a wider publicity ; and accord-
ingly, revised, popularised, and brought up to
date, it has been developed into the Story of
the Stock Exchange now presented.

It is deferentially submitted that the book
appeals not only to those who take interest in
finance, both historical and practical ; not only
to those who take interest in the growth,
traditions, and status of our important insti-
tutions ; but also to those who take interest
in a true fascinating story, told, even if only
indifferently, for the first time.

Park Lodge, New Barnet, Herts,
May 1901. ... Read more

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Product Description
This book was converted from its physical edition to the digital format by a community of volunteers. You may find it for free on the web. Purchase of the Kindle edition includes wireless delivery. ... Read more

Product Description
This digital document is an article from Junior Scholastic, published by Scholastic, Inc. on November 1, 2002. The length of the article is 820 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Quick Quiz.(water supply; conditions in Kenya; history of the US Constitution; stock market)
Publication: Junior Scholastic (Magazine/Journal)
Date: November 1, 2002
Publisher: Scholastic, Inc.
Volume: 105Issue: 6Page: T-5(2)

Distributed by Thomson Gale ... Read more

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THE Author, emboldened by a Banking expe- rience of over forty years, offers this little work to the public in the hope that, elementary though it be, it may prove acceptable to many persons of both sexes. ... Read more

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Secrets of a Stock Exchange Specialist lays out the detailed methods of stock market success from 32 year veteran Steven Primo, founder of SpecialistTrading.com Mr. Primo was previously a nine-year specialist on the floor of the Pacific Stock Exchange for Donaldson, Lufkin and Jenrette, one of the premier investment firms on Wall Street. In addition to having been an Exchange Specialist, Mr. Primo was also a General Partner and Head Trader for a private investment partnership in California.

Secrets of a Stock Exchange Specialist is his no-holds examination and account of getting ahead in the trading world. ... Read more

Customer Reviews (1)

A great resource!!!
I was a trading neophyte before I read this book!Mr. Primo's insight into the world of Specialist Trading really pointed me in the right direction.I signed up on his site shortly there after...another very good resource! ... Read more

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*** A ForexTutor.us Special Report ***

Is foreign exchange trading a true get rich quick scheme? Foreign exchange trading, or Forex, is a real opportunity to get extremely wealthy in a very short amount of time. How?

The key is leverage.

Some Forex brokers allow you a leverage ratio of 200:1. That is the equivalent of investing $1,000 into a $200,000 asset, and an asset that you could turn around and trade within seconds for a quick profit if done correctly!

Forex trading involves dealing in international currencies. Here, one can sell currency of one country to buy that of another. The trader deals in Foreign Exchange [Forex] at the most appropriate time to profit from the transaction. Good ability to forecast plays a vital role here. One may wonder how Forex trading can be such a lucrative earning opportunity since fluctuations in exchange is so little.

But remember, when done in big volumes, a minor change can mean a lot. There are many non-monetary advantages to it as well. Anyone who wants to deal in Forex can do so, since only the basic knowledge is required for it.


Is foreign exchange trading a true get rich quick scheme? Foreign exchange trading, or Forex, is a real opportunity to get extremely wealthy in a very short amount of time. How?

The key is leverage.

Some Forex brokers allow you a leverage ratio of 200:1. That is the equivalent of investing $1,000 into a $200,000 asset, and an asset that you could turn around and trade within seconds for a quick profit if done correctly!

Forex trading involves dealing in international currencies. Here, one can sell currency of one country to buy that of another. The trader deals in Foreign Exchange [Forex] at the most appropriate time to profit from the transaction. Good ability to forecast plays a vital role here. One may wonder how Forex trading can be such a lucrative earning opportunity since fluctuations in exchange is so little.

But remember, when done in big volumes, a minor change can mean a lot. There are many non-monetary advantages to it as well. Anyone who wants to deal in Forex can do so, since only the basic knowledge is required for it.
... Read more

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FRom Content:

"The year 1914 has no precedent in Stock Exchange history. At the present time (1915), when the great events that have come to pass are still close to us, even their details are vivid in our minds and we need no one to rehearse them. Time, however, is quick to dim even acute memories, and Wall Street, of all places, is the land of forgetfulness. The new happenings of all the World crowd upon each other so fast in the financial district that even the greatest and most far-reaching of them are soon driven out of sight. This being the case, it has seemed to the writer of these pages that some record should be kept among the brokerage fraternity of what was so great an epoch in their history, and that this record could best be written down by one who happened to be very favorably placed to know the story in its entirety.