National Market System (NMS)
National Market System (NMS)Refers to over-the-counter trading. System of trading OTC stocks under the sponsorship of the OTC. Must meet certain criteria for size, profitability and trading activity. More comprehensive information is available for NMS stocks than for non-NMS stocks traded OTC (high, low, and last-sale OTC, cumulative volume figures, and OTC and OTC quotations throughout the day). This is due to the fact that OTC must report the actual price and number of OTC in each transaction within 90 seconds verses nonreal-time reporting for non-NMS stocks (thus, last sale prices and minute-to-minute volume updates are not possible).
National Market System (NMS)
National defense argument for protectionNational defense argument for protection
The argument that imports should be restricted in order to sustain a domestic industry so that it will be available in case of trade disruption due to war. This is a second best argument, since there are a variety of ways of providing for defense at lower economic cost, including production subsidies, mothballing, and stockpiling.
London International Financial Futures and Options ExchangeLondon International Financial Futures and Options Exchange
A futures and options exchange, located in London, which originally dealt only in financial instruments including equities (shares), government bonds, indices (such as the FTSE 100 Index) interest rates and a wide range of currencies. In 1996, LIFFE merged with the London Commodity Exchange with unified administration and exchange systems. All trades of the merged exchange are guaranteed by the London Clearing House (LCH). LIFFE is a Recognised Investment Exchange (RIE), regulated by the Financial Services Authority (FSA).
Morgan Stanley Capital International Emerging Markets Global IndexMorgan Stanley Capital International Emerging Markets Global Index
A market capitalization-weighted benchmark index made up of equities from 29 developing countries.
National Insurance (NI) Basic PensionNational Insurance (NI) Basic Pension
The basic state pension funded by a person's National Insurance Contributions over his working life and part of the National Insurance Pension. The rate at which the basic pension is paid is dependent on the person's National Insurance contributions record over his working life.
National Securities Clearing Corporation (NSCC)National Securities Clearing Corporation (NSCC)
A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.
Further SuggestionsBank for International Settlements
International Securities Identification Number
International Standards Organization
National Market Advisory Board
gross national product
International Depository Receipt (IDR)
International factor movement
Morgan Stanley Capital International (MSCI)
Federation Internationale des Bourses de Valeurs
Net national product
International Asset Pricing Model (IAPM)
Gross national product
International Fisher relationship
International monetary economics
Court of International Trade
International Development Association (IDA)
International Bank for Reconstruction and Development (IBRD)
International financial institution
International Stock Exchange of the UK and the Republic of Ireland (ISE)
National Credit Union Administration