Trading

1
Trading Information Sources

• Presented by
• Sandip Bhattacharjee
• Sylvie Blondeel
• Jana Harris
• Matt Jensen
• Adrianne Leon
• John Puleo

2
The Cost of Trading

• Large Stocks
• Small Stocks
• Breakdown
• -Cash Cost
• -Market Impact
• -Delay Costs
• -Missed Trades
• -Invisible Costs

3
Who will you trade through?

• Our Broker List
• -Prudential Securities
• -Bear Sterns
• -A G Edwards and Associates
• -Voyager Institutional Sales

4
Determining who to trade through

• Is cost all that matters?
• No!
• Quality of Service
• Relationships are key!
• Example Fidelity and basic materials

5
Trading Process

• Once the buy/sell recommendation is made
• Contact brokers by phone
• Establish terms of transaction, price, of
  shares, commission (5c/share), SEC fee etc.

6
Trading Process

• Provide routing info to place or get shares from
  the custodian for SIM and execute trade.
• SIM Custodian State Street Bank, Boston
• Update Portfolio with change/verify receipt of
  stocks in State Street Account via internet and
  telephone

7
When to execute trades

• Timing is everything
• Depending on the urgency trades will be executed
  the same day or the next day

8
Research Sources


Username Password AG Edwards
www.agedwards.com SIM
SIMP1X Bear Stearns
www.bearstearns.com SIMS
SIM3545Merrill Lynch
www.mlx.ml.com kspellman
SIMP1X Prudential
www.cm1.prusec.com SIM
SIM Salomon Smith Barney www.salomonsmithbar
ney.com SIMOSU SIMOSU UBS Warburg
www.ubswarburg.com
simp simpxxxx


9
Company Specific Data and News

• Yahoo Finance financial data, reports and
  quotes http//finance.yahoo.com
• Wall Street Journal www.wsj.com data and news
• Specific Company websites for annual reports

10
Annual Reports and Filings

• www.sec.gov for 10Ks and other company specific
  reports
• Annual Reports Gallery www.reportgallery.com

11
Analyst reports and data

• Multex www.multex.com Analyst reports from
  various firms
• Morningstar www.morningstar.com data and
  analyst reports
• The Street www.street.com
• Motley Fool www.motleyfool.com
• Bloomberg www.bloomberg.com Analyst reports,
  exchange rates, quotesValue Line
  http//www.valueline.com

12
Economic Data and Ratings

• Economic data
• Bureau of Economic Analysishttp//www.bea.doc.gov
  /
• Bureau of Labor Statisticshttp//stats.bls.gov/
  Ratings
• www.standardandpoors.com
• www.moodys.com