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Bankers Automated Clearing Services |
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Bankers Automated Clearing ServicesBACS is an APACS clearing company which provides an automated clearing service for payments originated by Settlement Members or those they sponsor.Similar MatchesAutomated Order System (AOS)Automated Order System (AOS)Investment banks, computerized order entry system that sends single order entries to DOT (Odd-Lot) or to investment banks, floor brokers on the exchange. See: Round lot, GTC orders. Stock Exchange Automated Quotation (SEAQ) InternationalStock Exchange Automated Quotation (SEAQ) InternationalThe London Stock Exchange's electronic price quotation system for non UK securities. European Association of Securities Dealers Automated Quotation (EASDAQ)European Association of Securities Dealers Automated Quotation (EASDAQ)European equivalent of Nasdaq. Stock 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 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 SuggestionsJapanese Association of Securities Dealers Automated Quotation System (Jasdaq)Automated Pit Trading (APT) clearing house automated payment system automated teller machine Security Industry Automated Corporation (SIAC) Automated Customer Account Transfer (ACAT) Automated Clearing House (ACH) European Association of Securities Dealers Automated Quotation Automated bond system (ABS) Stock Exchange Automated Trading System PLUS Opening Automated Report Service Automated Export System automated pit trading Clearing House Automated Payments System (CHAPS) Boston Exchange Automated Communication Order Routing Network (BEACON) |
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