Prior to beginning work on this discussion forum, read Chapter 14 in the Foundations of Financial Management textbook.

Initial Response:

For this discussion forum,

• Discuss the evolution of the securities markets, including the impact of the NASDAQ, CME, ECNs, and foreign exchanges.
• Explain the role of securities markets in the efficient allocation of capital among issuers and investors based on the efficient market hypothesis.
• Evaluate if the presence of dark pools enhances or reduces capital market efficiency.
• Finally, find a real-life company that has made raised capital in 2020 and discuss the method used. If possible, try to select a company that a fellow student has not already selected.

Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least one scholarly and/or credible resource in addition to the text.