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Open book |
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Open bookSee: Unmatched bookOpen book Similar MatchesOpen ended investment companyOpen ended investment company'OEICs' are hybrid investment funds that have some of the features of an investment trust and some of a unit trust.Like investment trusts, OEICs are companies that issue shares on the London Stock Exchange, and which use the money raised from shareholders to invest in other companies. Unlike investment trusts, they are open-ended which means that when demand for the shares rises the manager just issues more shares. With an investment trust, if demand exceeds supply, the response may be a rise in the share price.The price of OEIC shares is determined rather differently. More like a unit trust, in fact, with the key factor being the value of the underlying assets of the fund. But in contrast to unit trusts, there is no bid/offer spread with OEICs, so the price of the shares should be the same whether you are buying or selling.OEICs are popular on the continent but were only launched in the UK in 1997. There are around 300 up and running, with a wide range of investment objectives. You can put an OEIC into an ISA. Opening priceOpening priceThe range of prices at which the first bids and offers are made or the first transactions are completed on an exchange. Open RateOpen RateA measure of how many people actually opened (and presumably read) an email message, for instance an ezine or emails sent as part of a direct email marketing campaign. The open rate is usually expressed as the percentage of recipients. Open contractsOpen contractsContracts that have been bought or sold without completion of the transaction by subsequent sale or purchase, or by making or taking actual delivery of the financial instrument or physical commodity. Opening Automated Report ServiceOpening Automated Report ServiceProvides improved accuracy and efficiency for handling certain orders sent before trading opens. OARS receives, stores, and continuously tabulates market orders up to a specified size routed through the common message switch. It matches buy and sell interest in each stock, calculates imbalances, and reports them to specialists. Seconds after the specialist notifies OARS of an opening price, the system automatically generates and returns execution reports to originating firms, and submits the trade for automatic clearance and settlement. Further Suggestionsopen outcryOpen market operation Open end credit open interest Openness Held at the opening Open (good till cancelled) order (GTC order) Marginal propensity to consume Opening purchase Open Open interest Open regionalism Open depending on the floor Open Policy Open account Open outcry Open end mortgage Opening transaction open offer Open repo Open market operation Import propensity Open position Open market rates Open Source |
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