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Clearing House Automated Payments System (CHAPS) |
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Clearing House Automated Payments System (CHAPS)A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).Clearing House Automated Payments System (CHAPS) Similar MatchesOpening Automated Report ServiceOpening Automated Report ServiceProvides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch. It matches buy and sell interest in each stock, calculates imbalances, and reports them to specialists. Seconds after the specialist notifies OARS of an opening price, the system automatically generates and returns execution reports to originating firms, and submits the trade for automatic clearance and settlement. Security Industry Automated Corporation (SIAC)Security Industry Automated Corporation (SIAC)Entity that executes automated DOT orders. Stock Exchange Automated Quotation (SEAQ) InternationalStock Exchange Automated Quotation (SEAQ) InternationalThe London Stock Exchange's electronic price quotation system for non UK securities. Stock Exchange Automated Trading System PLUSStock Exchange Automated Trading System PLUSSEAT Plus is a trading system which handles the trading of all AIM and listed UK equities whose turnover is insufficient for the market making system or the Stock Exchange Electronic Trading Service (SETS). 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. Further SuggestionsEuropean Association of Securities Dealers Automated QuotationAutomated Order System (AOS) Bankers Automated Clearing Services Automated Pit Trading (APT) automated pit trading clearing house automated payment system automated teller machine Automated bond system (ABS) Japanese Association of Securities Dealers Automated Quotation System (Jasdaq) Boston Exchange Automated Communication Order Routing Network (BEACON) Automated Export System Automated Clearing House (ACH) Automated Customer Account Transfer (ACAT) Automated teller maching (ATM) European Association of Securities Dealers Automated Quotation (EASDAQ) |
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