@startmindmap
* Basic concepts regarding the modern trading setup
** Market driver: supply/demand
** Modern trading: efficient market price discovery
*** competition:
**** granularity of data participants recieve & handle
**** sophistication of insight
** Market sectors
*** i.e. different kinds of underlying products that can be traded.
*** e.g.
**** commodities (metal, agricultural produce)
**** energy (oil, gas)
**** equities (stocks)
**** interest rate bonds (coupons)
**** foreign exchange
** Asset classes
*** an asset class is a group of financial instruments which have similar financial characteristics and behave similarly in the marketplace.
*** e.g. 
**** cash interest rate bonds, cash foreign exchange, cash stock shares
**** derivatives of above: future & options
*** future contract: buyer/seller cannot refuse
*** option contract: buyer/seller can refuse to buy or sell
** Basics of what a modern trading
*** trading done electronically through different software.
*** Market data feed handler process/understand market data
**** market data is published in specific protocol (e.g. FIX/FAST,ITCH)
*** Handler app relay information back to buyer/seller.
*** buyer/seller made decision and communicated to exchange through similar software application (order entry gateways)
@endmindmap