Administration of financial markets

NACE code 66.11 covers the administration of financial markets, a critical function within the broader financial services industry. This industry encompasses the operation and oversight of stock exchanges, commodity exchanges, and other organized financial markets where securities, derivatives, and other financial instruments are traded. The administration of financial markets plays a vital role in facilitating the efficient allocation of capital, price discovery, and risk management within the global economy.

The administration of financial markets involves a range of specialized activities, including the establishment and enforcement of trading rules, the matching of buy and sell orders, the clearing and settlement of trades, and the dissemination of market data and information. Financial market administrators utilize advanced trading platforms, data processing systems, and communication networks to enable the seamless execution of transactions and the transparent flow of financial information.

The administration of financial markets requires a highly skilled workforce with expertise in areas such as finance, information technology, compliance, and market operations. Additionally, financial market administrators rely on robust technological infrastructure, including trading systems, data centers, and communication networks. Regulatory oversight and compliance with industry standards are also critical inputs for this industry.

The primary output of the financial market administration industry is the facilitation of trading activities across a wide range of financial instruments, including stocks, bonds, derivatives, and commodities. The efficient operation of these markets enables 66.12 Financial transactions processing, reserve and custody services and 64.19 Other monetary intermediation, as well as supports the broader 64.20 Activities of holding companies and 64.30 Trusts, funds and similar financial entities.