Exchange Market Size and Exchange Rate Mechanism: Difference between pages

Revision as of 14:01, 23 April 2014

(ERM).

A system under the former European Monetary System for stabilising exchange rates between participating member states.
A similar transitional system for European member states currently working towards adoption of the euro to replace their domestic currency.

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-''Stock exchange - brokers - firm quotes.''
+(ERM).
-(EMS).
+# A system under the former European Monetary System for stabilising exchange rates between participating member states.
+# A similar transitional system for European member states currently working towards adoption of the euro to replace their domestic currency.
-Exchange Market Size relates to the quotations provided by brokers on an exchange.
-It is a maximum deal size at which the broker is obliged to transact, at the price the broker is quoting.
-For equities, the EMS is determined as a rounded number of equity shares - for example 50,000 shares.
-If the client wants to trade a larger number of shares, the broker may decline to transact, or change their quote.
-The larger the market capitalisation of a stock, the larger the EMS.
-The EMS was formerly known as the ''Normal'' Market Size (''NMS'').
 == See also ==
-* [[Alternative Investment Market]] (AIM)
+* [[European Monetary System]]
-* [[Broker]]
+* [[International Monetary Fund]]
-* [[Listing]]
-* [[London Stock Exchange]]
-* [[Main Market]]
-* [[Market capitalisation]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]
-[[Category:Corporate_finance]]
-[[Category:Investment]]
-[[Category:Long_term_funding]]
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
-[[Category:Risk_frameworks]]
-[[Category:Risk_reporting]]
-[[Category:Financial_products_and_markets]]