Opening Automated Report Service

 

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Opening Automated Report Service

Provides 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.



Similar Matches

Stock Exchange Automated Quotation system

Stock Exchange Automated Quotation system

The computerised system at the London Stock Exchange which continuously updates prices and trade reports for UK securities (shares, gilts etc). SEAQ lists the market makers' bid and offer prices, together with the Normal Market Size at which those prices will be honoured. Shares traded using SEAQ are said to be traded on the 'quote book'.The very largest companies quoted on the London Stock Exchange are traded on the Stock Exchange Electronic Trading Service (SETS) which automatically matches buyers and sellers, and which is known as the 'order book'. SEAQ is used for those stocks which are too small to be traded on SETS.


Automated bond system (ABS)

Automated bond system (ABS)

The computerized system that records bids and offers for inactively traded bonds until they are cancelled or executed on the NYSE.


Automated teller machine

Automated teller machine

Also known as cash dispenser. A computerised self service machine allowing the holder of an ATM card and authorised personal identification number (PIN) to obtain cash and statements etc.


Automated teller maching (ATM)

Automated teller maching (ATM)

Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU)Groups of banks sometimes share ATM.


Automated Export System

Automated Export System

Electronic filing of Shippers Export Declaration (SEDs)with US Customs prior to departure.


Further Suggestions

Japanese Association of Securities Dealers Automated Quotation System (Jasdaq)
Boston Exchange Automated Communication Order Routing Network (BEACON)
Automated Order System (AOS)
Automated Customer Account Transfer (ACAT)
Bankers Automated Clearing Services
Security Industry Automated Corporation (SIAC)
Automated Pit Trading (APT)
Stock Exchange Automated Quotation (SEAQ) International
European Association of Securities Dealers Automated Quotation
Automated Clearing House (ACH)
Clearing House Automated Payments System (CHAPS)
clearing house automated payment system
automated pit trading
Stock Exchange Automated Trading System PLUS
European Association of Securities Dealers Automated Quotation (EASDAQ)


 
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