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New York Cotton Exchange (NYCE) |
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New York Cotton Exchange (NYCE)Commodities exchange in New York trading futures and options on cotton, frozen concentrated orange juice, and potatoes, as well as interest rate, currency, and index futures and options.New York Cotton Exchange (NYCE) Similar MatchesExchange 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. PPP exchange ratePPP exchange ratePurchasing power parity exchange rate Brussels Stock Exchange (BSE)Brussels Stock Exchange (BSE)Stock exchange that handles the majority of securities transactions in Belgium. Floating exchange rate systemFloating exchange rate systemPurchase or sale of the currencies of other nations by a central bank for the purpose of influencing foreign exchange rates or maintaining orderly foreign exchange markets. Also called foreign-exchange market intervention. Budapest Stock ExchangeBudapest Stock ExchangeEstablished in 1864, the major securities market of Hungary. Further SuggestionsPacific Stock ExchangeHelsinki Exchanges (HEX) Stock Exchange of Singapore (SES) Stock Exchange of Thailand Exchange rate protection Stock Exchange Automated Quotation (SEAQ) International Korea Stock Exchange Singapore International Monetary Exchange (SIMEX) TSE 300 (Toronto Stock Exchange 100 index) London Metal Exchange (LME) Fixed exchange rate Stock exchanges Exchange rate Philadelphia Stock Exchange (PHLX) Exchange rate determination Kuala Lumpur Stock Exchange (KLSE) Istanbul Stock Exchange Exchange-market intervention Floating exchange rate Tradepoint Investment Exchange Stock Exchange Automated Trading System PLUS Swiss Options and Financial Futures Exchange (SOFFEX) Ration foreign exchange Exchange stabilization fund Exchange market |
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