|
|
Foreign exchange dealer |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Foreign exchange dealerA firm or individual that buys foreign exchange from one party and then sells it to another party. The dealer makes the difference between the buying and selling prices, or the spread.Foreign exchange dealer Similar MatchesKuala Lumpur Options and Financial Futures Exchange (KLOFFE)Kuala Lumpur Options and Financial Futures Exchange (KLOFFE)Established in 1995, the Kuala Lumpur Options and Financial Futures Exchange offers equity derivative products based on underlying instruments traded on the Kuala Lumpur Stock Exchange (KLSE). New York Stock ExchangeNew York Stock ExchangeThe world's largest stock exchange with well over 3,000 companies listed and a market capitalisation of trillions of dollars. The NYSE is a truly international exchange, with nearly 400 non-American companies listed. Colombo Stock ExchangeColombo Stock ExchangeEstablished in 1984, the only public stock exchange of Sri Lanka. Exchange offerExchange offerAn offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock. Exchange traded fundExchange traded fundETFs are a new kind of collective investment fund competing with investment trusts and unit trusts for investors' money.In some ways they are a conventional tracker fund, pooling the cash of a large number of investors and investing it in a basket of shares in companies that make up an index (e.g. members of the FTSE A All-Share).Like unit trusts, ETFs are open ended, which means that new units can be issued in response to demand. The advantage of this is that they trade at a price which is close to the net asset value of the fund (i.e. the value of its investments) - something that cannot be said of investment trusts which are closed funds.But unlike unit trusts, ETFs do not usually have initial charges and their annual management charges are much lower (averaging 0.35%). You will have to pay broking commission, but some ETFs are exempt from Stamp Duty.Another feature of ETFs is that their prices are updated continuously during the trading day to reflect the indexes they track. This is an improvement over unit trusts where prices are only recalculated every 24 hours. So if you buy shares in an ETF at 2 o'clock on Monday the price you pay will be directly related to the NAV at that time.ETFs pay a dividend to their shareholders, which is the sum of all the dividends received from the ETF's investments minus an annual management fee. Typical annual fees are under 0.5% of the fund's value.The UK's first ETF was launched by Barclays Global Investors in 2000 and took 80,000 trades in its first week. It can be held in both PEPs and ISAs and does not attract Stamp Duty.You can buy ETFs through most stockbrokers. Further SuggestionsExchange equalization fundSurveillance department of exchanges London International Financial Futures and Options Exchange Securities Exchange of Thailand (SET) National Stock Exchange (NSE) Istanbul Stock Exchange International Petroleum Exchange New Zealand Stock Exchange New European Exchange (NEWEX) Recognised Investment Exchange Nagoya Stock Exchange Copenhagen Stock Exchange Organized exchange Stock Exchange Automated Trading System PLUS American Stock Exchange (AMEX) share exchange Effective exchange rate Floating exchange rate system exchange for physicals Exchange of assets Foreign exchange London International Financial Futures and Options Exchange (LIFFE) Expectations theory of forward exchange rates Flexible exchange rate Mexican Stock Exchange |
|
|
|