Automated Communications and Order Routing Network (BEACON)

International Organization of Securities Commissioners In the US, this organisation encourages co-operative policies on market regulation, surveillance,.

Income, paid from an investment, such as dividends and.

The six big accountancy firms: KPMG, PriceWaterhouseCoopers, Ernst & Young, Deloitte & Touche and.

(IMRO)A Self Regulating Organisation (SRO) with responsibility for monitoring the manner in which UK.

A guarantee issued by a bank on behalf of a seller to a buyer to support the sellers bid or tender for a contract. If the sellers bid is accepted, and they fail to sign a contract, the buyer can claim compensation under the guarantee.

In the US, a plan which enables investors to accumulate shares in stock or a mutual fund by.

A measure of actual stock price changes over a specific period of time. Defined as the standard.

(GNMA)In the US, a government-owned corporation which guarantees payment of interest and principal of.

An axiom whose underlying message is that stock market prices rise when there are positive rumours.

The point at which a price breaks out either above or below a stable established range or trendline..

A note, issued to a person or company when goods are returned by them, which cancels the original.

The difference between a bond's face value and the lower market price.

A pricing model devised by Fischer Black and Myron Scholes in 1973.

A term, used by some assurance companies, as an alternative to.

An entitlement issue, also known as an open offer, is an offer made by a quoted company to its.

(DAX)The index for the largest 30 German companies quoted on the Frankfurt Stock Exchange.

The movement of assets in one mutual fund or unit trust to another within a range of funds with.

(IRS)The US agency responsible for the collection of federal taxes which include personal and corporate.

A computerised database of some 50,000 investment firms which have been authorised to conduct.