Why this matters: Every analyst’s idea eventually becomes a trade. This module maps the entire trading landscape—from the six core purposes of the financial system to the mechanics of orders, leverage and regulation.

• Compare quote-, order- and broker-driven markets.
• Walk through an IPO, margin call and short sale step-by-step.
• See how regulation underpins liquidity, transparency and fair dealing.

Outcome: You’ll know exactly how ideas are executed, what makes a market “well-functioning,” and how that links back to valuation.