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Perfectly competitive financial markets |
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Perfectly competitive financial marketsMarkets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by certain conditions: (1) Trading is costless, and access to the financial markets is free; (2)information about borrowing and lending opportunities is freely available; and (3) there are many traders, and no single trader can have a significant impact on market prices.Perfectly competitive financial markets Similar MatchesNoncompetitive bidNoncompetitive bidIn a Treasury auction, bidding for a specific amount of securities at the price, whatever it may turn out to be, equal to the average price of the accepted competitive bids. Imperfectly competitiveImperfectly competitiveRefers to an economic agent (firm or consumer), group of agents (industry), model, or analysis that is characterized by imperfect competition. Contrasts with perfectly competitive. CompetitivenessCompetitivenessUsually refers to characteristics that permit a firm to compete effectively with other firms due to low cost or superior technology, perhaps internationally. When applied to nations, instead of firms, the word has a mercantilist connotation. Competitive advantageCompetitive advantageCompetitiveness. Contrasts with comparative advantage. Registered Competitive Market MakerRegistered Competitive Market MakerIdentifies New York Stock Exchange (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms' capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer's otherwise unexecutable order. Further SuggestionsCompetitive biddersGlobal competitiveness Perfectly competitive Competitive bidding Competitive offering Registered competitive market maker Noncompetitive tender Competitive |
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