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Big Four |
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Big FourIn the UK the four large clearing banks: Lloyds TSB, Barclays, HSBC and Royal Bank of Scotland.Similar MatchesFourth marketFourth marketRefers to the practice of institutional investors trading large blocks of securities directly to avoid brokerage commissions. See: Instinet. Four-firm concentration ratioFour-firm concentration ratioThe percent of an industry's sales that accrue to the largest four firms, a measure of industrial concentration. Fourth marketFourth marketThe market of securities trading without the participation of brokers, thus obviating commission costs. The market, which is computer based, mainly comprises large institutional investors such as mutual funds and insurance companies. |
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