Investments & Financial Planning

In terms of the stock market , what is the Instinet ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

Instinet is an institutional, agency-only broker. As such, it executes trades for roughly 1,500 “buy side” clients such as asset management firms, hedge funds, insurance companies, mutual funds and pension funds.
Headquartered in New York and with offices in 13 other cities around the world, Instinet provides sales trading services and a range of trading technologies such as the Newport EMS, algorithms, trade cost analytics, commission management, independent research and dark pools of liquidity.
To many, Instinet is best known as one of the original off-exchange trading alternatives, as its “green screen” terminals were extremely prevalent in the 1980s and 1990s, and, more recently, as the founder of Chi-X Europe and Chi-X Global.
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Investments & Financial Planning

What is the Institutional Brokers' Estimate System ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

The Institutional Brokers' Estimate System abbreviated as "IBES" Service that assembles analyst's estimates of "future earnings" for thousands of publicly traded companies, detailing how many estimates are available for each company and the high, low, and average estimates for each.
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Investments & Financial Planning

What is an Intercommodity spread ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

An Intercommodity spread in the commodities market is a spread consisting of a long position and a short position in different but related commodities. An investor might be speculating that the price relationship between the two commodities will change for example gold and silver commodities.
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Investments & Financial Planning

What is the Intermarket Trading System ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

The Intermarket Trading System is the electronic communications network linking the trading floors of 7 registered exchanges to permit trading among them in stocks listed on either the New York Stock Exchange or Amex and one or more regional exchanges.
Through the Intermarket Trading System , any broker or market maker on the floor of any participating exchange can reach other participants for an execution whenever the nationwide quote shows a better price available.
A floor broker on the exchange can enter an order to assure execution of all of an Intermarket Trading System offering or bid, instead of splitting it with competing brokers.
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Investments & Financial Planning

What is the International Monetary Fund ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

The International Monetary Fund also known as the IMF is an organization founded to oversee exchange arrangements of member countries and to lend foreign currency reserves to members with short term balance of payment problems.
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Investments & Financial Planning

Does Italy have a stock exchange ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

Yes. Italian Stock Exchange is based in Milan. It came into effect after the unification of Italy's 10 national exchanges in 1991. All listed securities are traded electronically. The main indexes are the MIB and the MIBTEL, based on the prices of all listed shares, and the MIB Thirty, based on a sample of the thirty most liquid and highly capitalized shares.
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Investments & Financial Planning

What does a stock broker do ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

A broker is an individual who is paid a commission for executing customer orders. A floor broker is one who executes orders on the stock exchange floor, or an upstairs broker who handles retail customers and their orders. A broker is also a person who acts as an intermediary between a buyer and seller, usually charging a fee or commission. A broker who specializes in stocks, bonds, commodities, or options acts as an agent and must be registered with the exchange where the securities are traded.
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Investments & Financial Planning

What is a Brokered Certificate of Deposit ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

A brokered Certificate of Deposit is a certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to their brokerage customers. A broker Certificate of Deposit features a higher interest rate, usually 1 percent higher, and is FDIC insured and do not usually have commissions.
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Investments & Financial Planning

Can I invest in Bullion coins ?

Asked Friday, January 12, 2001 by an anonymous user

CPA Answer:

Bullion coins are metal coins consisting of gold, silver, platinum, or palladium that are actively traded on exchanges. Some examples include the American eagle and the Canadian maple leaf. Their price is directly connected to the underlying price of their metal.
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