Moscow Interbank Currency Exchange (MICEX)
Established in 1992, the most liquid and best organized financialexchange in Russia.
Dirty stock
A stock that fails to fulfill prerequisites to attain good delivery status.( - Market Traders Institute Inc )
Market Traders Institute Inc: Ex ante return
The expected return or anticipation return of an asset or portfolio.
Double-declining-balance depreciation method (DDB)
An accounting methodology in which the depreciation rate used is double the rate used under the straight-line method. In addition, the rate is applied to the full purchase cost of the asset, whereas under the straight-line method the rate is applied to the cost net of salvage value.
Market Traders Institute
Prime rate
The interest rate at which banks lend to their best (prime) customers. More often than not, a bank's most creditworthy customers borrow at rates below the prime rate. ( Market Traders Institute Inc )
Pacific Stock Exchange
Used for listed equity securities. Regional exchange located in Los Angeles and San Francisco; only U.S. exchange open between 4:00 and 4:30.
Market Traders Institute Inc
Expected Spot Rate
The exchange rate between two currencies that is anticipated to prevail in the spot market on a given future date. It differs from the current spot rate primarily by the extent to which inflation expectations in the two currencies differ.( Market Traders Institute )
Market Traders Institute Inc: Embedded option
An option that is part of the structure of a bond that gives either the bondholder or the issuer the right to take some action against the other party, as opposed to a bare option, which trades separately from any underlying security.
Market Traders Institute: Security characteristic line
A plot on a graph of the excess return on a security over the risk-free rate as a function of the excess return on the market. The slope of this line is the security's beta.
