Term
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Definition
| A term for selling new securities |
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Term
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Definition
| Where new issues of securities are sold by investment bankers |
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Term
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Definition
| Purchase and sale of previously issued securities |
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Term
| Initial Public Offering (IPO) |
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Definition
| When private companies become public and sell stock for the first time |
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Term
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Definition
| Offered by a company who already has floated equity |
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Term
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Definition
| Has all the characteristics of a primary market issue but is a secondary market transaction |
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Term
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Definition
| Issue of bonds to general public that can be bought/sold on secondary market |
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Term
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Definition
| Bond issue sold to a few intitutional investors and held to maturity |
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Term
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Definition
| Public offerings of stocks and bonds are marketed via an underwriting by Investment Bankers |
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Term
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Definition
| Marketers of securities for large investment institutes |
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Term
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Definition
| A group 0f investment bankers that share responsibility for stock issue |
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Term
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Definition
| When statement is approved and finalized, prices are set |
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Term
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Definition
| Buyers and sellers must seek each other out directly, sporadic participation, low priced non standard goods |
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Term
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Definition
| Sufficient market activity for intermediary brokers to match buyers and sellers |
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Term
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Definition
| Large trades that take place outside of regular exchanges |
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Term
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Definition
| Specialized trading in markets where a particular asset is traded frequently |
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Term
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Definition
| All transactions occur at one place to bid or offer a good (Stock exchanges) |
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Term
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Definition
| The price buyers are willing to pay |
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Term
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Definition
| The price sellers are willing to sell for |
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Term
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Definition
| Stock is automatically sold if it hits a certain price |
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Term
| Over the Counter (OTC) Markets |
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Definition
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Term
| Electronic Communication Networks (ECNs) |
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Definition
| Private computer networks that directly link buyers to sellers |
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Term
| Specialist (registered traders) |
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Definition
| Each security in a stock exchange is managed by a specialist |
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Term
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Definition
| Make trades for clients only |
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Term
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Definition
| Broker holds securities registered in the firms own name on behalf of the client |
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Term
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Definition
| Facility for members to trade securities, only members can trade there |
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Term
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Definition
Contains 3200 firms and devided into two sectors
1. Nasdaq national market
2. Nasdaq smallcap market |
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Term
| American Stock Exchange (AMEX) |
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Definition
| Trades younger and smaller firms than the NYSE |
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Term
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Definition
| Purchase or sale of an entire portfolio of stocks |
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Term
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Definition
| Brokers make all buy and sell decisions on the customers behalf |
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Term
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Definition
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Term
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Definition
| Selling first to buy back shares at a lower price later |
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