-American Depositary Receipt (ADR), 376-
A tradable right, which US citizens can
buy, to ownership of a specific number of a foreign company’s shares, which are held in
trust by a US financial institution that issues the ADR.
-Big Bang, 363-
In the context of equity markets, it refers to the financial reforms that
were introduced in England in 1986 and in Japan in 1996 to liberalize stock trading
The stock exchange in Paris.
-CAC 40 Index, 375-
A stock price index based on 40 large stocks traded on the Paris
-Computer Assisted Trading System (CATS), 372-
Computerized stock trading
system, developed on the Toronto Stock Exchange, and now used in several countries.
-Computer-Assisted Order-Routing and Execution System (CORES), 365-
Tokyo Stock Exchange’s computerized trading system.
Cotation Assistée en Continu (CAC), 373-
The computerized trading system on the
Deutscher Aktieninex, a stock index for the Frankfurt Stock Exchange.
-EAFE Index, 354-
The term for the Morgan Stanley Capital International Europe,
Australia, Far East Index, which covers over 20 countries.
The joint German-Swiss derivatives exchange formed in 1998 from the
merger of the German Deutsche Terminborse (DTB) and Switzerland’s SOFFEX.
DTB and the Swiss Exchange each own 50% of Eurex.
An integrated, cross border European stock exchange that was created in
September 2000 by the merger of the exchanges in Amsterdam, Brussels, and Paris.
also trades some derivatives and commodities.
-Euroequity tranche, 353-
An issue of stock offered to investors in different countries at
the same time.
-Exchange Electronic Trading (Xetra), 364-
This is a modern, cost efficient, order-
driven trading system introduced by the Frankfurt Stock Exchange.
-FAZ Index, 375-
A stock market index based on the share prices for the 100 largest
firms listed on the Frankfurt Stock Exchange which is complied by the newspaper
Frankfurter Allgemeine Zeitung
-Financial Times Industrial Ordinary Index (or FT 30), 375-
An index based on the
prices of shares of 30 leading companies, which is compiled by the newspaper
-Financial Times-Stock Exchange 100 (FTSE 100), 375-
An index based on the shares
of the largest 100 UK firms.
-Financial Times World Index, 375-
An international stock market index.
-First section, 365-
The term for the stocks of the largest companies compared on the
Tokyo Stock Exchange.
-Frankfurt Wertpapierborse AG (FWB), 364-
The Frankfurt Stock Exchange.