INVESTMENT BANK AND

SECURITIES FIRM
Investment Bank
 is a financial institution that assists individuals,
corporations, and governments in raising capital
by underwriting or acting as the client's agent in the
issuance of securities (or both).

 it may also assists companies involved in mergers and

acquisitions and provide ancillary services such
as market making, trading of derivatives and equity
securities and FICC services (fixed
income instruments, currencies and commodities).
Volcker Rule
 asserts full institutional separation of
investment banking services from
commercial banking.

 Investment banks do not take deposits

unlike commercial and retail banks.
Two Main Lines of Business in Investment
Banking:

1. Sell Side Entity

2. Buy Side Entity

1. Sell Side Entity
 trading of securities for cash or for other
securities.

Activities:
 Facilitating transactions of trading.
 Market-making
 Promotion of securities
 Underwriting
2. Buy Side Entity
 refers to advising institution concerned
with buying investment services.

Common Types of Buy Side Entity:

 Private Equity Funds
 Life Insurance Companies
 Mutual Funds
 Hedge Funds
 Unit Trust Funds
Investment Banks In Philippines
(As of November 19, 2012)
 JPMorgan Chase
 Korea Exchange Bank
 Mega International Commercial Bank
 MetropoliPhilippinestan Bank and Trust Company
 Mizuho Corporate Bank
 Philippine National Bank
 Philtrust Bank
 Rizal Commercial Banking Corporation
 Security Bank
 Standard Chartered Bank
 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
 UnionBank of the
 United Coconut Planters Bank
 Allied Bank Corporation
 Australia and New Zealand Banking Group
 Banco de Oro Universal Bank
 Bangkok Bank
 Bank of America, N.A.
 Bank of China
 Bank of the Philippine Islands
 China Banking Corporation
 Chinatrust Commercial Bank
 Citibank
 Deutsche Bank AG
 East West Bank
 Hongkong and Shanghai Banking Corporation
 ING Group
Securities Firm
 A company that facilitates financial market
trades between buyers and sellers for a fee.

 Includes firms whose principal lines of business

are in securities brokerage, financial advisory
services, investment banking and/or securities
trading.
Securities Firm can be:
a. Brokerage Firm (brokerage)
- a stock broker's business; charges a fee to act
as intermediary between buyer and seller.

b. Bucket Shop
- an unethical or overly aggressive brokerage firm.

c. Non-depository Financial Institution

- a financial institution that funds their investment
activities from the sale of securities or insurance.
The Broker, Dealer and Broker-
Dealer of Securities
Broker
 is
an individual or party (brokerage firm) that arranges transactions between
a buyer and a seller for a commission when the deal is executed.

DUTIES:
 Buyand sell stocks, bonds, commodity futures, foreign currencies and other
securities at stock exchanges on behalf of investment dealers.
 Develop trading strategies by reviewing investment information and
monitoring market conditions from the exchange floor and through contact
with trading departments of other investment firms, pension fund managers
and investment company financial analysts.
 Make bids and offers to buy and sell securities and complete details of sales
on exchange trade tickets.
 Prepare reviews of portfolios' positions.
Dealer
 is a firm or person that purchases securities and hold them for later sale at a
profit.
 one who buy and sell securities his/her own account.

DUTIES:

 Performs all the functions of broker including financial consulting.

 Announcing the price of the and other essential of buy-sell contract
of securities.
 Announcing the minimum and maximum number of securities
subject to purchase and/or sale.
 Discuss the term of announced prices validity.
 
Broker-dealer
 a person or firm in the business of
buying and selling securities, operating
as both a broker and a dealer,
depending on the transaction. 

 engages in the business of trading

securities for its own account or on
behalf of the its customers.
References:
http://www.securitiesbroker.com.au/

http://answers.yahoo.com/question/index?qid=20140
216013143AAXc75G

http://www.imsciences.net/functions-of-broker-vs-deal
er/

http://www5.hrsdc.gc.ca/NOC/English/NOC/2011/Prof
ileQuickSearch.aspx?val=1&val1=1113

http://thelawdictionary.org/securities-firm/