Bankers Automated Clearing Services

 

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Bankers Automated Clearing Services

BACS is an APACS clearing company which provides an automated clearing service for payments originated by Settlement Members or those they sponsor.



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Stock Exchange Automated Quotation system

Stock Exchange Automated Quotation system

The 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 System

Automated Export System

Electronic filing of Shippers Export Declaration (SEDs)with US Customs prior to departure.


Automated 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.


Automated Clearing House (ACH)

Automated Clearing House (ACH)

A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.


Clearing house automated payment system

Clearing house automated payment system

A computerised payment system for clearing cheques in the UK.


Further Suggestions

Opening Automated Report Service
Automated Pit Trading (APT)
Security Industry Automated Corporation (SIAC)
Automated teller maching (ATM)
European Association of Securities Dealers Automated Quotation
automated teller machine
Boston Exchange Automated Communication Order Routing Network (BEACON)
Automated Customer Account Transfer (ACAT)
Japanese Association of Securities Dealers Automated Quotation System (Jasdaq)
Clearing House Automated Payments System (CHAPS)
automated pit trading
Automated bond system (ABS)
Stock Exchange Automated Trading System PLUS
Stock Exchange Automated Quotation (SEAQ) International
European Association of Securities Dealers Automated Quotation (EASDAQ)


 
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