Capital Markets
Fair (market securities, bonds, other paper companies) - part of the capital market, securities involved in inventory, over the counter (OTC market).
The fair is an abstract concept to define the whole range of mechanisms that enable operations of securities (stocks, bonds, etc.) trading. You should not misunderstand this term to the concept of the exhibition, which is the organization with the following goals: providing space for trade and control offers the cooperation of buyers and sellers of securities.
NYSE
New York Stock Exchange - the most important fair in the United States, the world's largest. Symbol of American financial power and the entire financial sector. New York, the world famous Dow Jones index of industrial stocks NYSE composite index is defined.
NYSE Composite - One of the most popular stock indices around the world. It reflects the changes of all shares listed on the New York Stock Exchange, including more than 1,500 American companies with the largest total value of over $ 20 billion. That is why the NYSE composite can be used as an indicator of the U.S. economy.
Scholarship was established on 17 May 1792. Since 1975, she became a non-profit company owned by its members in 1336 (this figure has not changed since 1953). Companies can be purchased, the price reached $ 3 million.
Beginning of May 2006 NYSE mergered with electronic stock exchange Archipelago Holdings and the first time in its shares to investors, making it a commercial organization.
Trading in shares of NYSE Group will be held at the fair, the capitalization at the beginning of March 2006 was $ 12.5 billion. Activity of over 1000 of shares are made here. Total value of trading in NYSE companies was $ 26.5 trillion at the end of 2006.
Hours: 13:30 to 08:00 (Monday, Friday) GMT
14:30 until 09:00 in winter (Monday, Friday) GMT
NASDAQ
NASDAQ (acronym of National Association of Securities bid Auto Dealers) - American OTC, specializing in shares of high-tech companies (electronics, software production, etc.). One of the three major U.S. stock exchanges (the NYSE and AMEX ) is a unit of the NASD, is regulated by the SEC. The owner of the stock market is an American company called NASDAQ OMX Group. Apart from Nasdaq, it also has eight European stock exchanges.
At more than 3200 companies, including Russian companies traded on Nasdaq.
The regular trading day on Nasdaq opens in 09:30 and closes at 16:00 (Eastern Time). Trading activities are based on platforms such as beating Super Primex. After the end of the regular meeting, you can continue trading until 08:00 with SelectNet the platform. legislation which the trade is executed on the Nasdaq stock exchange for a different tradition. Number of market makers compete for customer orders execution. Currently there are about 600 market makers here. The main function of the Nasdaq market maker (as with the NYSE), he quotes the continuous supply and maintaining the liquidity of any Shares during the trading group. The market maker must make a reservation at his own expense in any case no corresponding reverse order on the market. Market makers have helped hundreds of stocks, and more - thousands. As a result, on average, certain types of shares are supported by 14 market makers, a different type "of capital - up to 50. NASDAQ quotes are the result of correlation trading, which market makers of alternative trading systems.
Hours: 13:30 to 08:00 in summer (Monday, Friday)
14:30 until 09:00 in winter (Monday, Friday)
NYMEX
New York Merchantile Exchange (NYSE: NMX), founded in 1872, the world's first oil futures trading. Contracts on oil, gas, platinum, palladium, gold, copper, silver, aluminum traded on this. According to Futures Industry Association data in 2006, 216 transactions were executed here miljard. In 2006, earnings NYMEX worth $ 497.3 billion, net income - $ 154.8 billion. Cap - $ 11.4 billion.
LSE
London Stock Exchange - one of the largest European stock exchanges. Was officially established in 1801, but its history back in 1570, when the king's financial agent and adviser Thomas Gresham "Royal Exchange" was built at his expense. LSE is also a public company's shares trade.
Hours: 19:30 until 03:30 in summer (Monday, Friday)
08:30 until 04:30 in winter (Monday, Friday)
TSE
Tokyo Stock Exchange accounted for 80% of sales in the country. Principal dealers are the owners of institutional securities. In Japan, the owner man has only a 20% stake in the stock market and 80% as financial institutions, insurance companies and businesses.
Tokyo Stock Exchange accounted for 80% stake in the sale of land. Principal dealers are the owners of institutional securities. Japan, one owner only 20% involved stock market shares, 80% lied financial institutions, to ensure companies and businesses.
Location not have to rely on dividends (at the beginning of 1990 were 70 times cheaper than market price), but the value of shares and increase the profit on sale of shares at a higher price (the average annual profit of the sale of shares issued from 1980 to 1994 was 34.7%). The main trading method is a two-way open tender. Up to 80% on all stocks traded in the country were bought and sold Tokyo Stock Exchange. Organizations in 1517 by 1.3 to 1.5 million in Japan were fears at all here, but they produce more than 25% of all goods and services.
In 2005, Tokyo Stock Exchange took second place in the classification of first class VSE stock exchange. 2500 companies to report earnings of over $ 3 trillion recorded instruments.
Vienna Stock Exchange is one of the oldest fairs in the world and the only exhibition in Austria. This stock exchange to trade stocks, bonds and derivatives. It was founded in 1771 by Empress Maria Teressa government debt trading. Is a private company.
Volume of transactions - 48 $ 468 billion,
Registration - 110 companies,
Discount - $ 157 358 000 000 000,
Profit - 8.12 million euros.
Working Time: 07:00 to 03:30 in summer (Monday - Friday) GMT,
08:00 until 04:30 in winter (Monday - Friday) GMT.
Frankfurt Stock Exchange FBW is one of Germany's biggest world's biggest trade shows. The operator of this trading floor, Deutsche Boerse AG group. The basic assumption of the existence of this event was considered in 1585 - the year of acceptance by merchants unified exchange in Frankfurt, which has become Europe's largest shopping center at that time. Has occupied the leading position in Germany since 1949. It was transferred to the control of the "Deutsche Boerse Group" in 1993, made at the base.
Main index - DAX, which stock prices of 30 major German companies reflects and is a barometer of the German economy.
Working Time: 07:00 to 03:30 in summer (Monday - Friday) GMT
08:00 until 04:30 in winter (Monday - Friday) GMT.
RTS
Russian Trade System was established in mid-1995 to consolidate regional markets organized financial market in Russia. This is a group of RTS.
RTS is a recognized center of prices of stocks and bonds of a wide variety of issuers. Information on trading on RTS is the main source of data on the situation of the Russian securities market, since it is this exhibition that a substantial part of Russian foreign investment in shares of Russian companies.
Hours: 07:00 to 03:00 (Monday - Friday) GMT.
Exchange rates Markets
FOREX - abbr. Foreign currency. FOREX term is generally used for the exchange of freely convertible currency, but not the full range of foreign exchange transactions. The purpose of foreign exchange trades, speculation, hedging, and control (central bank intervention in currency markets). In RuNet Forex: only speculative currency trading centers dealing with commercial banks, or held by the leverage effect, ie margin trading.
Forex is the international interbank market. Operations are conducted through institutions such as central banks, commercial banks, investment banks, brokers and centers dealing, pension funds, insurance companies, multinational companies, etc. The contract with the supply of real coin on the second (spot market) usually amounts to approximately $ 5,000,000 or equivalent. Value of the conversion fee is 60 to 300 dollars. In addition, approximately $ 6,000 per month paid to the interbank trading terminal information. Therefore, considerable amounts of exchange on foreign currency executed. For conversion of small amounts should contact the financial intermediary (a bank or broker in return), which performs operations for a certain percentage of the transaction. Middlemen do not have to work on the forex market, if they have a variety range of customers and orders another provision. Although they always receive their orders from customers. About the fact that not all customer orders to Forex brokers can offer their customers a lower rate than the direct costs of operations on the currency. At the same time, if the middlemen are eliminated, the change will increase costs for customers.
Current quotes are used for many activities, not always directly in foreign currency. For example, changing the exchange rate by the central bank, which must be stored under the exchange ratio of international currencies according to their proportions in the Forex, even if supply and demand real / country does not match the trends exchange reserves. For example, if the euro is too much supply in the domestic market, while USD Euro / dollar on foreign currency increases, the central bank to raise the price, and not by reducing the stress on a stable force.
Another prominent example is speculative currency margin trading, dedicated fixation of the current forex quotes. Although it is not so real delivery. Almost all brokers offer a direct exchange services, trade leverage speculative currency market. In general, wages for these activities low than for direct conversion, supply contracts that need real conclusion appears rarely and not because of extensive involvement in the volatility of transactions. Such committees often in the form of the spread - the difference between a firm bid offer price quoted at the time. Typically, a chain of intermediaries between foreign "H speculator, where an agent takes all his luggage.
Marginal activity (but not necessarily do) lead to the actual requirement to provide information about the foreign exchange market, in particular short term. They can not develop the general trend of movement classes "rate.
Hours: 24 hours.
MICEX
Moscow Interbank Currency Exchange, one of the great universal for Russia, CIS countries (CIS) and Eastern Europe. Founded in 1992.
MICEX is the leading Russian stock exchange where shares and bonds of Russian issuers 600 with a total value of almost 24 billion rubles will be made every day. List of participants MICEX consists of 650 organizations, professional market makers the number of customers totaling over 490 investors.
MICEX holds 98% of the shares and ADRs transactions of Russian companies with the adoption of the Russian stock market cycle, and 70% based on these securities trading in the world.
During the period 1992-1998 foreign exchange trading took place in an auction on the MICEX, where integration constant rates of the ruble against the dollar, German mark against the dollar for all the participants were of the trading day. In 1997, the electronic trading system Lot (Selten) was launched, it was to work with major trading partners (Auction) crisis of 1998 and has become the largest platform in currency trading then. Currently, trading through eight connect Interbank Currency Exchange Selten in a single session. The following transactions on the dollar, euro, hryvnia Ukrainian, Kazakh Tenge, Belarusian ruble and currency swap operations are performed. Total volume of stock trades in foreign currencies in 2006, equivalent to 25.9 billion rubles or $ 956 million (about half the total turnover of shares in MICEX). Currently, an effective system of risk is determined on MICEX currency market, timely fulfillment of commitments and guarantees by all participants in trade. Another element of the system is "payment against payment" principle, according to the MICEX trading accounts with participating states after just one of her duties. 540 credit organizations are members of the MICEX market.
Fair (market securities, bonds, other paper companies) - part of the capital market, securities involved in inventory, over the counter (OTC market).
The fair is an abstract concept to define the whole range of mechanisms that enable operations of securities (stocks, bonds, etc.) trading. You should not misunderstand this term to the concept of the exhibition, which is the organization with the following goals: providing space for trade and control offers the cooperation of buyers and sellers of securities.
NYSE
New York Stock Exchange - the most important fair in the United States, the world's largest. Symbol of American financial power and the entire financial sector. New York, the world famous Dow Jones index of industrial stocks NYSE composite index is defined.
NYSE Composite - One of the most popular stock indices around the world. It reflects the changes of all shares listed on the New York Stock Exchange, including more than 1,500 American companies with the largest total value of over $ 20 billion. That is why the NYSE composite can be used as an indicator of the U.S. economy.
Scholarship was established on 17 May 1792. Since 1975, she became a non-profit company owned by its members in 1336 (this figure has not changed since 1953). Companies can be purchased, the price reached $ 3 million.
Beginning of May 2006 NYSE mergered with electronic stock exchange Archipelago Holdings and the first time in its shares to investors, making it a commercial organization.
Trading in shares of NYSE Group will be held at the fair, the capitalization at the beginning of March 2006 was $ 12.5 billion. Activity of over 1000 of shares are made here. Total value of trading in NYSE companies was $ 26.5 trillion at the end of 2006.
Hours: 13:30 to 08:00 (Monday, Friday) GMT
14:30 until 09:00 in winter (Monday, Friday) GMT
NASDAQ
NASDAQ (acronym of National Association of Securities bid Auto Dealers) - American OTC, specializing in shares of high-tech companies (electronics, software production, etc.). One of the three major U.S. stock exchanges (the NYSE and AMEX ) is a unit of the NASD, is regulated by the SEC. The owner of the stock market is an American company called NASDAQ OMX Group. Apart from Nasdaq, it also has eight European stock exchanges.
At more than 3200 companies, including Russian companies traded on Nasdaq.
The regular trading day on Nasdaq opens in 09:30 and closes at 16:00 (Eastern Time). Trading activities are based on platforms such as beating Super Primex. After the end of the regular meeting, you can continue trading until 08:00 with SelectNet the platform. legislation which the trade is executed on the Nasdaq stock exchange for a different tradition. Number of market makers compete for customer orders execution. Currently there are about 600 market makers here. The main function of the Nasdaq market maker (as with the NYSE), he quotes the continuous supply and maintaining the liquidity of any Shares during the trading group. The market maker must make a reservation at his own expense in any case no corresponding reverse order on the market. Market makers have helped hundreds of stocks, and more - thousands. As a result, on average, certain types of shares are supported by 14 market makers, a different type "of capital - up to 50. NASDAQ quotes are the result of correlation trading, which market makers of alternative trading systems.
Hours: 13:30 to 08:00 in summer (Monday, Friday)
14:30 until 09:00 in winter (Monday, Friday)
NYMEX
New York Merchantile Exchange (NYSE: NMX), founded in 1872, the world's first oil futures trading. Contracts on oil, gas, platinum, palladium, gold, copper, silver, aluminum traded on this. According to Futures Industry Association data in 2006, 216 transactions were executed here miljard. In 2006, earnings NYMEX worth $ 497.3 billion, net income - $ 154.8 billion. Cap - $ 11.4 billion.
LSE
London Stock Exchange - one of the largest European stock exchanges. Was officially established in 1801, but its history back in 1570, when the king's financial agent and adviser Thomas Gresham "Royal Exchange" was built at his expense. LSE is also a public company's shares trade.
Hours: 19:30 until 03:30 in summer (Monday, Friday)
08:30 until 04:30 in winter (Monday, Friday)
TSE
Tokyo Stock Exchange accounted for 80% of sales in the country. Principal dealers are the owners of institutional securities. In Japan, the owner man has only a 20% stake in the stock market and 80% as financial institutions, insurance companies and businesses.
Tokyo Stock Exchange accounted for 80% stake in the sale of land. Principal dealers are the owners of institutional securities. Japan, one owner only 20% involved stock market shares, 80% lied financial institutions, to ensure companies and businesses.
Location not have to rely on dividends (at the beginning of 1990 were 70 times cheaper than market price), but the value of shares and increase the profit on sale of shares at a higher price (the average annual profit of the sale of shares issued from 1980 to 1994 was 34.7%). The main trading method is a two-way open tender. Up to 80% on all stocks traded in the country were bought and sold Tokyo Stock Exchange. Organizations in 1517 by 1.3 to 1.5 million in Japan were fears at all here, but they produce more than 25% of all goods and services.
In 2005, Tokyo Stock Exchange took second place in the classification of first class VSE stock exchange. 2500 companies to report earnings of over $ 3 trillion recorded instruments.
Vienna Stock Exchange is one of the oldest fairs in the world and the only exhibition in Austria. This stock exchange to trade stocks, bonds and derivatives. It was founded in 1771 by Empress Maria Teressa government debt trading. Is a private company.
Volume of transactions - 48 $ 468 billion,
Registration - 110 companies,
Discount - $ 157 358 000 000 000,
Profit - 8.12 million euros.
Working Time: 07:00 to 03:30 in summer (Monday - Friday) GMT,
08:00 until 04:30 in winter (Monday - Friday) GMT.
Frankfurt Stock Exchange FBW is one of Germany's biggest world's biggest trade shows. The operator of this trading floor, Deutsche Boerse AG group. The basic assumption of the existence of this event was considered in 1585 - the year of acceptance by merchants unified exchange in Frankfurt, which has become Europe's largest shopping center at that time. Has occupied the leading position in Germany since 1949. It was transferred to the control of the "Deutsche Boerse Group" in 1993, made at the base.
Main index - DAX, which stock prices of 30 major German companies reflects and is a barometer of the German economy.
Working Time: 07:00 to 03:30 in summer (Monday - Friday) GMT
08:00 until 04:30 in winter (Monday - Friday) GMT.
RTS
Russian Trade System was established in mid-1995 to consolidate regional markets organized financial market in Russia. This is a group of RTS.
RTS is a recognized center of prices of stocks and bonds of a wide variety of issuers. Information on trading on RTS is the main source of data on the situation of the Russian securities market, since it is this exhibition that a substantial part of Russian foreign investment in shares of Russian companies.
Hours: 07:00 to 03:00 (Monday - Friday) GMT.
Exchange rates Markets
FOREX - abbr. Foreign currency. FOREX term is generally used for the exchange of freely convertible currency, but not the full range of foreign exchange transactions. The purpose of foreign exchange trades, speculation, hedging, and control (central bank intervention in currency markets). In RuNet Forex: only speculative currency trading centers dealing with commercial banks, or held by the leverage effect, ie margin trading.
Forex is the international interbank market. Operations are conducted through institutions such as central banks, commercial banks, investment banks, brokers and centers dealing, pension funds, insurance companies, multinational companies, etc. The contract with the supply of real coin on the second (spot market) usually amounts to approximately $ 5,000,000 or equivalent. Value of the conversion fee is 60 to 300 dollars. In addition, approximately $ 6,000 per month paid to the interbank trading terminal information. Therefore, considerable amounts of exchange on foreign currency executed. For conversion of small amounts should contact the financial intermediary (a bank or broker in return), which performs operations for a certain percentage of the transaction. Middlemen do not have to work on the forex market, if they have a variety range of customers and orders another provision. Although they always receive their orders from customers. About the fact that not all customer orders to Forex brokers can offer their customers a lower rate than the direct costs of operations on the currency. At the same time, if the middlemen are eliminated, the change will increase costs for customers.
Current quotes are used for many activities, not always directly in foreign currency. For example, changing the exchange rate by the central bank, which must be stored under the exchange ratio of international currencies according to their proportions in the Forex, even if supply and demand real / country does not match the trends exchange reserves. For example, if the euro is too much supply in the domestic market, while USD Euro / dollar on foreign currency increases, the central bank to raise the price, and not by reducing the stress on a stable force.
Another prominent example is speculative currency margin trading, dedicated fixation of the current forex quotes. Although it is not so real delivery. Almost all brokers offer a direct exchange services, trade leverage speculative currency market. In general, wages for these activities low than for direct conversion, supply contracts that need real conclusion appears rarely and not because of extensive involvement in the volatility of transactions. Such committees often in the form of the spread - the difference between a firm bid offer price quoted at the time. Typically, a chain of intermediaries between foreign "H speculator, where an agent takes all his luggage.
Marginal activity (but not necessarily do) lead to the actual requirement to provide information about the foreign exchange market, in particular short term. They can not develop the general trend of movement classes "rate.
Hours: 24 hours.
MICEX
Moscow Interbank Currency Exchange, one of the great universal for Russia, CIS countries (CIS) and Eastern Europe. Founded in 1992.
MICEX is the leading Russian stock exchange where shares and bonds of Russian issuers 600 with a total value of almost 24 billion rubles will be made every day. List of participants MICEX consists of 650 organizations, professional market makers the number of customers totaling over 490 investors.
MICEX holds 98% of the shares and ADRs transactions of Russian companies with the adoption of the Russian stock market cycle, and 70% based on these securities trading in the world.
During the period 1992-1998 foreign exchange trading took place in an auction on the MICEX, where integration constant rates of the ruble against the dollar, German mark against the dollar for all the participants were of the trading day. In 1997, the electronic trading system Lot (Selten) was launched, it was to work with major trading partners (Auction) crisis of 1998 and has become the largest platform in currency trading then. Currently, trading through eight connect Interbank Currency Exchange Selten in a single session. The following transactions on the dollar, euro, hryvnia Ukrainian, Kazakh Tenge, Belarusian ruble and currency swap operations are performed. Total volume of stock trades in foreign currencies in 2006, equivalent to 25.9 billion rubles or $ 956 million (about half the total turnover of shares in MICEX). Currently, an effective system of risk is determined on MICEX currency market, timely fulfillment of commitments and guarantees by all participants in trade. Another element of the system is "payment against payment" principle, according to the MICEX trading accounts with participating states after just one of her duties. 540 credit organizations are members of the MICEX market.
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