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National Market System |
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National Market SystemA US national market system was mandated by the Securities Act Amendments of 1975, the most important federal securities legislation since the 1930s. At the heart of the national market is the ITS, which began operation in 1978. Nine markets - the American, Boston, Cincinnati, Chicago, New York, Pacific, and Philadelphia and NASD over-the-counter market - are linked electronically by ITS computers. This allows traders at any exchange to seek the best available price on all other exchanges that a particular security is eligible to trade on. The national market system also includes a consolidated electronic tape, which combines last-sale prices from all markets into a single stream of information.Similar MatchesInternational bondsInternational bondsA collective term that refers to global bonds, Eurobonds, and foreign bonds. National sovereigntyNational sovereigntySee sovereignty. International arbitrageInternational arbitrageSimultaneous buying and selling of foreign securities and ADRs to capture the profit potential created by time, currency, and settlement inconsistencies that vary across international borders. International monetary systemInternational monetary systemThe global network of government and commercial institutions within which currency exchange rates are determined. Federal National Mortgage AssociationFederal National Mortgage Association(Fannie Mae): A tax paying corporation created by Congress to support the secondary mortgage market. It purchases and sells residential mortgages insured by FHA or guaranteed by VA as conventional home mortgages. Further SuggestionsDomestic International Sales Corporation (DISC)International Chamber of Commerce (ICC) Multinational enterprise Morgan Stanley Capital International World Index Gross national product National bank International Asset Pricing Model (IAPM) National Credit Union Administration National debt National Association of Securities Dealers Automatic Quotation System (Nasdaq) International Petroleum Exchange London International Financial Futures and Options Exchange (LIFFE) National Insurance (NI) Contributions international fund National Market Advisory Board Tokyo International Financial Futures Exchange Ministry of International Trade and Industry International Development Association (IDA) International Monetary Fund (IMF) National Market System (NMS) Singapore International Monetary Exchange (SIMEX) National Insurance Pension (State Pension) Morgan Stanley Capital International Europe Index National Insurance (NI) Basic Pension International Finance Corporation (IFC) |
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