Form of trading that uses modern telecommunication and computer technology to combine information transmission with trading in financial markets. This opposed to open outcry system when the orders were executed manually by the brokers in what was called the trading ring.
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When a seller is not in a position to deliver the securities he has sold, the buyer sends in his application for […]
A system of organisation, which keeps records of securities, deposited by its depositors. The records may be physical or simply electronic records
A Member of the Exchange who helps execute buy and sell orders on behalf of clients.