FINANCIAL INSTRUMENTS

– equity securities ( shares ),

– debt securities

– hybrid securities

– the units of mutual funds

– the TCN

– the derivatives

Exchanges of financial instruments

– exchanges: orders, order book, price, clearing, settlement-delivery,

– over-the-counter

FINANCIAL MARKET

Legislative transposition into French law of the Directive on the markets in financial instruments (MiFID), Ordinance of 12 April 2007 on the markets in financial instruments,