Understanding the Markets
This text is a comprehensive resource from a leading financial management consultant for global banks and institutions which looks at the financial markets that support the trading, dealing and investment processes.
TABLE OF CONTENTS Understanding the Markets
E
- ECB
- European Central Bank.
- ECSDA
- European Central Securities Depository Association.
- EFP
- Exchange of futures for physical. Common in the energy markets. A physical deal priced on the futures markets.
- ELEX
- Dealing system of the Lima Stock Exchange.
- EUCLID
- Communications system operated by Euroclear.
- EUREX
- German-Swiss derivatives exchange created by the merger of the German (DTB) and Swiss (SOFFEX) exchanges.
- EURONEXT
- An amalgamation of the Dutch, French and Belgium Exchanges.
- Earnings per share (EPS)
- The total profit of a company divided by the number of shares in issue.
- Effective date
- The date on which the interest period to which a FRA or swap relates, is to start.
- Elective event
- Corporate action which requires a choice from the security owner.
- Electronic order book
- The electronic order matching system used as the system for dealing in the shares which comprise the FTSE 100 stock.
- Embedded option
- An option which is included as part of a product.
- Emerging market
- Non-industrialized country with:
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Low or middle per capita income, as published annually by the World Bank
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Undeveloped capital market (i.e. the market represents only a small portion of their GDP).
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- Endowment policy
- Form of saving linked with life assurance. Must be held for at least 10 years to get full benefit.
- Equity
- A common term to describe stocks or shares.
- Equity/stock options
- Contracts based on individual equities or shares. On exercise of the option the specified amount of shares are exchanged between the buyer and the seller through the clearing organization.
- Equity index swap
Copyright David Loader 2002 under license agreement with Books24x7
