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
M
- Mandatory event
- A corporate action which affects the securities without giving any choice to the security holder.
- Mandatory quote period
- Time of day during which market-makers in equities are obliged to quote prices under London Stock Exchange rules.
- MAOS
- Dealing system of the Prague Stock Exchange.
- Margin
- Money that must be deposited by participants in options and futures markets as a guarantee that they will be able to meet their commitments at the due date.
- Mark-to-market
- The process of revaluing an OTC or exchange traded product each day. It is the difference between the closing price on the previous day against the current closing price. For exchange traded products this is referred to as variation margin.
- Market
- Description of any organization or facility through which items are traded. All exchanges are markets.
- Market counterparty
- A person dealing as agent or principal with the broker and involved in the same nature of investment business as the broker. This also includes fellow members of the SFA or trading members of an investment exchange, for those products only where they are members.
- Market forces
- Supply and demand allowing buyers and sellers to fix the price without external interference.
- Market-maker
- A trader who works for an organization such as an investment bank. They quote bids and offers in the market and are normally under an obligation to make a price in a certain number of contracts. They create liquidity in the contract by offering to buy or sell.
- Market price
- In the case...
Copyright David Loader 2002 under license agreement with Books24x7
