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Exchange market |
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Exchange market1. The market on which national currencies are exchanged for one another. 2. The actual exchange market, which exists primarily among large international banks. Others who wish to exchange currencies do it through these banks. 3. The theoretical representation of the exchange market as either the interaction of supply and demand arising from exchange-market transactions or as an asset market equilibrium between currencies.Similar MatchesTradepoint Investment ExchangeTradepoint Investment ExchangeA London-based stock exchange which opened on 21st September 1995 and which currently deals in 900 of the most actively traded UK equities.Tradepoint is an electronic order driven market accessible via a standard IBM PC where brokers, market makers and investing institutions participate on an anonymous basis and enter buy or sell orders. For the most liquid stocks, trades are completed the moment a corresponding buy or sell order is entered by another participant. Less liquid stocks are traded by way of computer matching following the accumulation of orders after periods of time.Trades are guaranteed by the London Clearing House (LCH) and settlement is via Crest. Tradepoint is a Recognised Investment Exchange (RIE) and is regulated by the Financial Services Authority (FSA). Freely floating exchange rate systemFreely floating exchange rate systemMonetary system in which exchange rates are allowed to move due to market forces without intervention by country governments. ExchangeableExchangeableApplies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms. Most often used when a corporation has an immediate need for equity capital and a low tax rate, and expects either or both conditions to change. This would make the debenture less attractive if the interest tax-deductibility is lost. Fixed exchange rateFixed exchange rateUsually synonymous with a pegged exchange rate. Although "fixed" seems to imply less likelihood of change, in practice countries seldom if ever achieve a truly fixed rate. London Securities and Derivatives ExchangeLondon Securities and Derivatives ExchangeAn integrated exchange and clearing house for futures and options derivatives based mainly on the Swedish and Norwegian equity markets. Products include futures and options on the OMX Swedish equity index (the 30 most liquid shares traded on the Stockholm Stock Exchange), the OBX Norwegian equity index (the 25 most traded stocks on the Oslo Stock Exchange), Swedish equity futures and options and Norwegian equity futures and options. Further SuggestionsFavorable exchange rateFlexible exchange rate Exchange stabilization fund Floating exchange rate system Exchange risk Exchange-market intervention exchange for physicals Ration foreign exchange Bilateral exchange rate Exchange rationing Banner exchange stock exchange Exchange rate overshooting International Petroleum Exchange organised securities exchange Karachi Stock Exchange Exchange Rate Mechanism Banner Exchange Floating exchange rate Bill of exchange Tokyo International Financial Futures Exchange Exchange rate protection Nominal exchange rate Montreal Exchange or Bourse de Montreal Kuala Lumpur Commodities Exchange (KLCE) |
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