1. The role of the financial system and direct financing channels: the response to financing needs of companies and investment need of families.
2. The issues related to the financial resources need of Italian SMEs amd the possible market solutions.
3. The functions of the securities market.
4. Primary and secondary market.
5. Organizational forms of securities markets.
6. Supervisory bodies and regulation of Stock Market: the impacts on the organizational structure of securities markets.
7. Taxonomy, economic functions and technical characteristics of financial instruments (debt securities, equity, hybrid instruments and derivatives).
8. Methodologies for the evaluation of financial instruments.
9. Reasons for the listing of financial instruments on the Stock Exchange. Organization and operational structure of the main Italian regulated markets: trading, settlement and guarantee systems.
10. The activities and the role of the financial intermediaries involved in the securities market:
10.1 The services:
a) the intervention of intermediaries in the primary markets (capital increases, the placement of securities, public offerings of shares – IPO);
b) the trading services offered by traditional and alternative trading systems;
c) advisory services and asset management: management of property assets and management of investment funds;
10.2 Rules of conduct, operational characteristics and types of securities firms and institutional investors.
11. An analysis of Italian securities markets data.
12. The development of FinTech: widening of direct financing channels and regulatory issues.