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University of Hong KongUniversity of Hong Kong

Trading WorkshopTrading Workshop

David Lo

Class 9Class 9

Equity Workshop IEquity Workshop I

Global Equity MarketsGlobal Equity Markets

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Helping the Equity Users -

make the most informed trading decisions

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What do Equity Users need to do their job better?

• • Real-time prices from exchanges

• • Fast breaking news

• • Intra-day tick histories

• • Technical analysis (charts)

• • Execution benchmarking (e.g. VWAP – volume weighted average price)

• • Flexibility in viewing data

• • Overview of cross-market information, FX rates, interest rates, indices

• • Financial history (fundamentals)

• • Company descriptions

• • In-house research

• • Consensus and detailed earning estimates

• • Company annual reports

• • Dividend, earnings and capital change histories (corporate actions)

• • Shareholdings data

• • Sector analytics

• • Instant messaging to communicate with customers and throughout the trading floor

• • A means of receiving customer order flow (electronic order routing)

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World Indices WORLD/INDICES1

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– World Indices Values 0#.INDEX

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• • News – filters: (Use F9 after news codes)

• – Equity News E

• – HK Equity News HK-E

• – Active Shares HOT

• – Stock Market Reports STX

• – Economic Indicator News ECI

• – Research RCH

• – Keyword Search “XXX”

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Hong Kong Equity News ( HK-E )

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Powerful Matrix List

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What XMS sheets would they find useful?

• • Economics

• • Market Movements

• • Equity Index Analysis

• • Technical Analysis

• • Rebasing

• .......

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Economics Model

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Economics

• The Economics worksheet enables you to analyse published data (economic indicators) relating to the state of an economy. To achieve this, the worksheet lets you choose from indicators for a wide range of economies, then quickly displays the information that you want in graphic and tabular formats.

• Features

• Select an economy and display a list of its economic indicators. You can display data for up to four indicators as a table and as a graph showing absolute values, a moving average and a percentage change value (such as Month on Month).

• Select an economic indicator and display a list of the economies that publish the indicator. You can display the indicator for up to four economies as a table and as a graph showing absolute values, a moving average and a percentage change value (such as Month on Month).

• Compile a chart comparing up to four economic indicators for your selected economy, or up to four economies for your selected economic indicator. The chart can compare absolute values, rebased data or percentage change data.

• View a range of economic forecasts for the economy of your choice.

• Link directly to diary, poll and forecast information, and other relevant information.

• Take advantage of a news facility that provides economics-related topics that you can display easily using convenient menus.

• Benefits

• Quickly and easily gain access to the latest economic indicators for the economy of your choice.

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Rebasing Model

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Equity Index Analysis Model

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Features and Benefits

• The Equity Index Analysis worksheet provides access to tools that let you analyze the group of companies that make up an index.

• Features

• Index and instrument realtime and historic movements and values

• Top 25 - Bottom 25 stock comparisons, with choice of how these are ranked

• Full-time line analysis of defined areas

• Visual/Graphical representation of results

• Selectable table object allowing the data to be copied into Excel

• Double-click selection of a stock to make it the navigation context when navigating to a related single stock model for further analysis.

• Benefits

• Make your own selection of realtime and historical data for display

• Ability to track the chosen index

• Various criteria can be selected, allowing the analyst to discover which stocks are outperforming the index

• Ability to navigate with a chosen stock to a single stock model for further analysis

• Ability to copy the table data into Excel.

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Technical Analysis - Charting

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DJH3? HSIc1? SPM3+?

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Q & A

DAVID_HKU@YAHOO.COM