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Automated Pit Trading (APT) |
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Automated Pit Trading (APT)Introduced in 1989, APT is the LIFFE screen-based trading system that replicates the open outcry method of trading on screen. APT is used to extend the trading day for the major futures contracts as well as to provide a daytime trading environment for non-floor trading products.Automated Pit Trading (APT) Similar MatchesStock Exchange Automated Quotation systemStock Exchange Automated Quotation systemThe computerised system at the London Stock Exchange which continuously updates prices and trade reports for UK securities (shares, gilts etc). SEAQ lists the market makers' bid and offer prices, together with the Normal Market Size at which those prices will be honoured. Shares traded using SEAQ are said to be traded on the 'quote book'.The very largest companies quoted on the London Stock Exchange are traded on the Stock Exchange Electronic Trading Service (SETS) which automatically matches buyers and sellers, and which is known as the 'order book'. SEAQ is used for those stocks which are too small to be traded on SETS. Automated Export SystemAutomated Export SystemElectronic filing of Shippers Export Declaration (SEDs)with US Customs prior to departure. Automated bond system (ABS)Automated bond system (ABS)The computerized system that records bids and offers for inactively traded bonds until they are cancelled or executed on the NYSE. Automated Customer Account Transfer (ACAT)Automated Customer Account Transfer (ACAT)For transfers of securities from a non-equity trading account to your equity trading account with your broker. Automated teller maching (ATM)Automated teller maching (ATM)Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU)Groups of banks sometimes share ATM. Further SuggestionsStock Exchange Automated Quotation (SEAQ) InternationalEuropean Association of Securities Dealers Automated Quotation (EASDAQ) Japanese Association of Securities Dealers Automated Quotation System (Jasdaq) Security Industry Automated Corporation (SIAC) automated teller machine automated pit trading Boston Exchange Automated Communication Order Routing Network (BEACON) Opening Automated Report Service Automated Clearing House (ACH) Clearing House Automated Payments System (CHAPS) Automated Order System (AOS) Stock Exchange Automated Trading System PLUS European Association of Securities Dealers Automated Quotation Bankers Automated Clearing Services clearing house automated payment system |
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