Card Set Information
Market for new securities sold to investors for the first time to raise capital for the issuer.
Stock exchange where investors trade stocks with each other.
New York Stock Exchange (NYSE)
Largest stock market in terms of market capitalization.
Agency Auction Market
Market in which brokers represent buyers and sellers and prices are determined by supply and demand.
Employee of a NYSE firm who manages the market for an individual stock.
America Stock Exchange (Amex)
Nation's second largest stock exchange.
Common stock held by unaffiliated institutional and individual investors.
Nasdaq Stock Market
Largest organized equities market by trading volume and number of listed companies.
Price determination through bargaining.
Member firm that uses its own capital to trade and hold an inventory of NASD stock.
Customer Order Flow
Customer buy and sell activity.
Market Maker Spread
Difference between bid and ask prices.
Highest bid and lowest offer prices.
Nasdaq Capital Market
Market for smaller companies that trade prior to full listing on the Nasdaq national market.
Equity priced below $1.
OTC Bulletin Board (OTCBB)
Regulated quotation service for very small Over-The-Counter equity securities.
America Depositary Receipts (ADR)
Coupons that signify ownership of foreign stocks.
Dow Jones Industrial Average (DJIA)
Price-weighted index of 30 large, industrial leading stocks.
Adjustment factor used to account for stock splits.
S&P 500 Index
Popular value-weighted market index.
Performance standard to be evaluated against.
Russell 3000 Index
Market capitalization index for the 3,000 largest U.S. companies (98 percent of U.S. market cap).
Dow Jones Wilshire 5000 Composite Index
Total dollar value of the U.S. equity market (in billions of dollars).
Russell 1000 Index
Market capitalization index for the 1,000 largest U.S. companies (90 percent of U.S. market cap).
Nasdaq Composite Index
Market value weighted index of all 5,000+ stocks listed on the Nasdaq Stock Market.
Nasdaq 100 Index
Market capitalization weighted index of Nasdaq's largest companies.
Dow Jones Wilshire 4500 Completion Index
Market cap index of Dow Jones Wilshire (5000) index companies minus the S&P 500.
S&P MidCap 400 Index
Market cap index for 400 medium sized domestic stocks.
Russell 2000 Index
Small company stock price index for the 2,000 smallest companies in the Russell 3000 index.
S&P SmallCap 600 Index
Market cap weighted index of 600 small domestic stocks.
Nikkei 225 Index
Leading measure of the Japanese stock market.
Capitalization weighted index of the 100 top companies on the London Stock Exchange.
Market basket of 35 blue-chip Canadian companies.
Hang Seng Index
Market cap weighted measure of Hong Kong stocks.
Europe, Austalasia, Far East (EAFE) Index
Leading global stock index stocks from 21 countries.
Stock market in a developing nation.
Stock market in mature countries.
Law instituting public accounting reforms and investor protections.
Self Regulatory Organizations (SROs)
Industry group with oversight authority granted by the SEC.
National Association of Securities Dealers (NASD), Inc.
A self-regulatory organization of the securities industry.
Computerized system that flags unusual volume or price changes.
Intermarket Surveillance Group
Coordinated effort to detect cross-market manipulative trading.
Private form of dispute resolution with binding outcomes.
Rules for halting securities trading in volatile markets.