title = "Equity Trading Fundamentals"

content = """
Equity trading fundamentals encompass the core principles and practices of trading company stocks, requiring understanding of market mechanics, order types, and execution strategies specific to equity markets.

**Stock Market Structure** includes primary markets (IPOs, secondary offerings) and secondary markets (NYSE, NASDAQ, regional exchanges). Exchange specialists and market makers provide liquidity, while electronic trading systems enhance efficiency.

**Order Types** range from market orders (immediate execution at best available price) to limit orders (price restrictions with execution uncertainty). Stop orders trigger market orders at specified levels, while trailing stops adjust with price movements.

**Execution Venues** include lit exchanges displaying quotes publicly, dark pools offering anonymous trading, and internal crossing networks. Smart order routing directs orders to optimal venues based on liquidity, fees, and execution quality.

**Liquidity Assessment** evaluates trading volumes, bid-ask spreads, and market depth to determine optimal execution approaches. High-volume stocks offer tight spreads, while low-volume issues present greater execution challenges.

**Market Hours** include pre-market (4:00-9:30 AM ET), regular session (9:30 AM-4:00 PM ET), and after-hours trading. Extended hours offer flexibility but typically lower liquidity and wider spreads.

**Corporate Actions** impact trading including stock splits, mergers, dividends, and share repurchases. Proper handling ensures accurate position management and entitlement processing.

**Short Selling** enables profit from price declines through borrowed shares, subject to Regulation SHO requirements including locate and close-out obligations.

**Dividend Capture** strategies purchase stocks before ex-dividend dates and sell after, capturing dividend payments while minimizing price risk.

**Block Trading** handles large institutional orders through upstairs negotiation, minimizing market impact while achieving volume discounts.

**Program Trading** coordinates simultaneous buying/selling of multiple stocks, often using index arbitrage or portfolio rebalancing strategies.

**Market Making** provides continuous bid/ask quotes, profiting from spreads while assuming inventory risk and providing market liquidity.

**ECN Integration** routes orders through electronic communication networks, enhancing price discovery and execution efficiency.

**Trade Reporting** requires real-time dissemination of transactions, supporting market transparency and surveillance activities.

**Cross-Listing Considerations** account for different market hours, currency conversions, and regulatory frameworks when trading internationally listed stocks.

Effective equity trading requires comprehensive understanding of market dynamics, technological infrastructure, and regulatory requirements.
"""

version = "0.0.1"
