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A
ADR
> American Depositary Receipt
Accumulate
> Analysts estimate for a > stock
Algo Trading
> Algo or Algorithmic or High Frequency Trading refers to the automated trading of > securities using complex, very fast computer programs.
American Depositary Receipt
> (ADR) Depository receipts issued by US > custodian banks for foreign > equities.
Annual General Meeting
> Organ of a> stock corporation, by means of which > the shareholders transfer their rights to the
To exercise company affairs.
Arbitrage
> Arbitrage business, Business, the price differences for the same product in different markets for Profit exploited.
Ask
> Price at which an offer exists. Opposite: > Bid
B
Balance sheet Comparison of all assets and liabilities of a company to one Balance sheet date. Serves the determination of success and as a balance sheet.
Bank Bonds
> Debenture A medium or long-term bond issued by credit institutions.
Banking syndicate
Those banks that together form an> emissions syndicate.
Base point Commonly used specification as a measure for one hundredth of a percentage point: 100 basis points = 1%.
Bear market
> Bearish > Continuing general price decline on a > stock exchange. Derives from the French baisser = sink, fall off. Opposite: > bull market.
Bearer share
A> stock that does not have a specific name. The change of ownership takes place by simple handover. Opposite: > registered share.
Bid (Money) price to which demand exists. Opposite:> Ask.
Blue chips
> Blue chips is the name for> stocks of large companies. These companies are characterized by high credit rating, good growth prospects and regular Dividend payments
Bond
> Debenture, Bond, Annuity > Long-term loan financing instrument.
Bonus share
> Bonus Share, Free Share Name for > shares issued as part of > capital increases Company funds are spent.
Bonus share
> Adjustment Share.
Broker
> Anglo-American term for a market maker (as opposed to a > trader).
Bullish
> (Bullish) This term is used to anticipate rising prices, pictorially.
This is illustrated by the bull, who takes the courses on the horns and in the air throws. Opposite:> Bearish.
Bull market
> Ongoing general price increase on the > stock exchange. Opposite:> bearish.
C
C.
> Abbreviation for stock corporation
Cap
> (Maximum interest rate) Term for the maximum interest rate for a floater.
Capital adjustment Increase in the> share capital from the company assets (ie from own funds).
Capital cut
> Capital reduction with subsequent> capital increase, often to the original amount. In the case of reorganization, shareholders will receive funds in the amount of the capital reduction.
Capital increase
Raising equity by increasing the> share capital. In a capital increase in exchange for cash contributions, the existing shareholders will be granted> subscription rights> for young shareholders in offered a specific ratio to their previous shareholding for subscription.
Capital Investment Company
>Company, the investor's money received against the issuance of> investment certificates according to the principle of> diversification (risk diversification) in> securities.
Capitalization
>The calculatory value of a company. The calculation is done by multiplication the number of all> shares with the current> share price of the respective company.
Capital Market Coach
> (CMC) Supports and stands by a company during the approval process of the stock market listing to the side.
For a note in the segment> mid market is the entry a CMC mandatory.
Capital market
>Long-term capital market such as> equities,> bonds. See also> money market.
Capital reduction
>Reduction of the> share capital in order to eliminate losses incurred. In this case losses are written off against the capital stock. Such a measure must be through the> Annual General Meeting. Usually under renovation
performed. Opposite:> capital increase.
Chart Graphic representation of a price trend.
Charting
> (Technical analysis) The chart analysis is based on past price trends (Formations) conclusions drawn on future price movements.
Computer exchange
> Stock exchange with electronic > trading system.
Opposite: > presence stock market.
Consortium
> Emission syndicate.
Continuous trade
> Flow Trading.
Continuous trading
> (Continuous trading) Ongoing > Fulfillment of all > orders, the price and quantity fit together, therefore During the whole > trading time you can place orders and
Transactions are completed.
Corporate Bond
A> bond issued by an industrial company. For corporate bonds the issuing company is liable with its assets.
Corporate Governance
> This means the internationally accepted standards for good corporate governance, which should strengthen
investor confidence in the company in question.
Coupon
> Coupon or dividend coupon of a security which is used to obtain the income or the exercise of other rights
(> subscription rights).
Course
> Share price.
Course additives.
Additional information to the established stock market quotations, the more precise identification of the Serve the market situation. These include ex subscription rights and ex dividend.
Credit
> The credit rating provides information about the solvency
of a debtor, f. ex. one Bond issuers. Can he meet
the payment of the nominal interest with high probability
and the > Pay back the face value of the > bond, then its
credit rating classified as high. (Credit ratings) are of large ratings Agencies performed. Best known agencies include
Fitch, Standard & Poor's and Moody's.
Creditor
> The one who is due to a debt relationship is entitled to demand payment from the debtor issuer.
Custodian
> A bank authorized to hold and manage> securities for
other banks.
D
Day trading
> intra-day trading.
Dealing
> Day on which trading takes place on the stock exchange. On Saturdays, Sundays and on public holidays, the markets remain closed.
Defensive values
Name of > stocks that are less dependent on economic cycles.
Delisting
> The listing deletion of a security listed on the
Stock Exchange.
Deposit fee
> Remuneration of > Custodian for the safekeeping of > Securities in > Depot.
Depot
> The securities deposit serves the bank for the
safekeeping and administration of the customer deposited
> Securities.
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Depositary Receipts Short name for
> American Depositary Receipts (ADR).
Derivatives
> Financial instruments are referred to as derivatives or derivative financial instruments, if any of the essential characteristics they have are derived from other financial instruments (> Underlying assets, underlyings).
The derivatives are - for example - > Options,> Warrants,
> Futures and similar products.
Designation for the lowest price of a> security. Opposite:> high.
Discount Broker
> A broker who settles a commission for his business that
may be below market rates.
Distribution The payment of
> dividends, bonuses, liquidation proceeds, etc. to the shareholder
Diversification Balanced allocation or diversification of assets across different investment forms.
The aim of diversification is to increase> safety and / or the optimization of Risk and return considerations.
Dividend
> The part of the declared> profit, at the request of the competent body of a > Shares company to the >
shareholders.
Dow Jones Index (DJ)
> The Dow Jones Industrial Average> Index, first published
in 1896, contains the > Stocks of 30 major industrial
companies listed on the New York Stock Exchange are listed.
It was designed as a> Price Index and is running(real-time)
calculated.
E
Earnings
> The income of a > security includes interest and dividend payments ( > Dividend) and other > distributions as well as increases in value as a result of Price increases ( > share price).
Earnings per share
> Surplus of > Income over expenses within one financial year a> share allocated.
ED
> Abbreviation for > ex dividend.
Emission
> Issue of new > securities.
ETF
> Exchange Traded Funds.
Ex dividend
> (ED) Addition to the price indicating that on this day (the so-called ex-dividend day or > ex-date) the amount of the > dividend is deducted from the price of the > security has been.
Equity
> Funds raised by the owners of a business to finance it
or as earned> profit in the company ( > capital stock plus
Reserves plus balance sheet profit or loss). A high equity ratio increases the Competitiveness and independence of the company.
Financial analysis
> Investigation of companies in terms of their economic situation, future Chance of success and solvency
( > liquidity). The financial analysis forms the basis for investment decisions.
F
Financial futures contract
> Future.
Fund of funds
> Investment funds, which in turn invest the funds managed
in various investment funds.
G
Going Public
> (IPO) Initial Public Offering.
Government bonds
> Term for > Bonds issued by a state.
H
Hedge funds
> Special kind of > mutual funds with typically speculative investment strategies and high risk.
High
> Term for the highest price of a> security. Opposite:> low.
I
IAS
> Abbreviation for> International Accounting Standards.
IFRS Abbreviation for > International Financial Reporting Standards.
Index
> (Stock index) Statistical ratio, with changes compared to an earlier one
> Time (price and economic cycles) can be made visible. On Stock index is a> price index or a> performance index, which is the average
> Price evolution of the stock basket of a country, region or individual Represents industries. The starting point is the price level on a certain day.
Index Capitalization
> The stock market value of all companies included in a particular > Index.
The enterprise value is calculated by multiplying
the price by the number of all > stocks included in the index.
Initial Public Offering
(IPO, Going Public, IPO) Introduction of a company on the stock exchange.
Sale of company shares (> shares) to investors.
Inside information
> Inside information is information about confidential facts that comes with a > Securities or> issuers and are appropriate to the price of the security when they become known to the public.
Taking advantage of insider information, eg. For example, to buy or sell securities, is prohibited and punishable.
Interest Rates.
This is the interest rate set by central banks, which commercial banks Borrow central bank money. It serves to control the> money and> capital markets.
International Accounting Standards
(IAS) International Accounting Standards, which provide international comparability of company data.
International Financial Reporting Standards
(IFRS) International Accounting Standards PrimarilyInformation on Provide a company's net assets, financial position and results of operations and an international one Enable comparability of company data.
Institutional investor
> As institutional investors, banks, pension funds, Investment companies insurance companies, capital investment companies, the high amounts in > Invest securities.
International Financial Reporting Standards
(IFRS) International Accounting Standards PrimarilyInformation on Provide a company's net assets, financial position and results of operations and an international one Enable comparability of company data.
International Securities Identification Number
> ISIN.
Intra-day trading
(Day Trading) Buying and selling a> securities or foreign exchange position within one
> Trading day. The day trader thus tries the daily fluctuations of the prices exploit and buy and sell positions within one day.
Investment Certificate A> security that represents a co-ownership of the assets of a> mutual fund.
Investment funds
(Funds) A> Securities selected according to the principle of> Risk diversification are, existing special assets. It breaks down into equal, embodied in securities Shares, is co-owned by the Shareholders and is managed by an> investment company.
(IR) Term for the communication of a company with its current and potential shareholders and the financial community.
IOC
> Immediate-or-Cancel.
IPO
> Initial Public Offering (IPO).
ISIN
(International Securities Identification Number) The ISIN is a 12-digit combination of letters and represents an identification for> international securities
Issue Price
> Emission price.
L
Large Cap
> Anglo American designation for companies with high market capitalization.
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Last Trading Day> Dealing Day prior to the Expiration Date on which an> option may be last traded, exercised or closed out.
Limited order
(Limit Order)> Order indicating a price limit. A limited purchase order must to Price limit or run at a lower price. A limited sale order Must be executed at the price limit or at a higher price. Opposite:
> Best order, unlimited order, market order.
Liquidity
>The ability to> buy and sell securities or other assets as quickly as possible to sell or convert into cash (disposability).
Liquidity Provider
> Market Maker or> Specialist.
Long Position
> Indicates a long position of a> market participant in a cash instrument, an options contract or a futures contract. Opposite:> short position.
M
Market balancing phase If not all executable orders can be executed during the price determination phase, these are offered to the market in the so-called market equalization phase. Orders are executed at the previously determined> auction price.
Market capitalization
(Capitalization) Stock market value of a company. The calculation is done by
Multiplication of the number of shares traded on the> Stock Exchange> with the company
the current> share price of the respective company (see also> market capitalization).
Market capitalization Expresses the value of all securities traded on a > stock exchange, ie the value of Total market, from.
The > market capitalisations of the individual
companies are added.
Market depth
Is given on a capital market, if - due to supply and demand - buying and selling prices are put in short time intervals.
Market Maker
> Market participant who places binding purchase offers and sales offers in the general order book during the entire trading period. The market maker serves to ensure sufficient> liquidity in the market.
Market order
> Market order, unlimited order
> Order without specifying a price limit to which the Order to be executed.
In this order form, the entire order is so fast as possible at the best possible price.
The best order can also be with the > Execution Limitations > Fill-or-Kill or > Immediate-or-Cancel. Opposite: > limit order.
Market participants
All those who buy financial instruments on their own account or on behalf of others and / or sell.
Market performer
>Analysts estimate for a> share that it will develop in parallel with the (sector) index.
Market segment
> Part of the overall exchange, which serves the trading of its own types of> securities. The differentiation is made according to categories of securities (for example> equities or> bonds) and according to eligibility criteria.
Market value
>Value of a security based on its current stock market price.
Matching
Term for merging the orders entered into a trading system (> Orders) and> Quotes on transactions (pricing).
Mid Cap Anglo-American name for mid-cap companies.
Mid market subsegment of> market segment> equity market
Mistrade
> Due to a mistake made in the order entry
Business transaction that under certain conditions (price and time component) canceled can be.
O
Open Market
> Regulated free market.
Option Right
> of first refusal of the > shareholders to the shares issued as part of a > capital increase > young shares.
The calculated value of the subscription right and the price to which it may differ, as the price results from supply and demand.
Over-allotment option
> Greenshoe.
Principle of executing
The common pricing on stock markets, where the price of a> securities from the sum of buy and sell orders is determined there, taking into account
the> limited orders the largest sales is possible.
Over-the-counter
> (OTC) market transactions that are concluded directly between the trading participants outside the exchange.
P
P / E
> Price-earnings ratio.
Price-earnings ratio
> (P / E) Indicates how often the> Profit per> share is included in the price of the stock or how Often this calculated profit would have to be distributed to the current purchase price to refinance. The lower the
P / E, the cheaper a stock is. The profit per Stock is approximated in advance and may not match the actual Distribution (> dividend).
Profit growth
> Growth of > Earnings (per share) over the period.
Profit warning
> Is an ad-hoc statement directed by the company to investors, stating that the > Profit is lower or the loss greater than predicted.
R
Registered capital
> Share capital of a> shares company.
Right to information Law of > shareholders, in the > Annual General Meeting.
Running time
> Period from the date of issuance of a security until the due date.
S
The settlement date
> Settlement date for all securities transactions on the stock exchange. On this day delivery and payment of the> securities.
Share
> A security that represents a share in the> share capital of a > stock corporation and the > owner secures assets and participation rights
( participation papers).
The > Share price results from supply and demand on the stock exchange. In other words: one man, one vote. Each share is entitled to one vote.
Share price
> Price of > equities traded on regulated markets
Share option
>An option whose > underlying is a > stock
Share Buyback
> Is the authorization to > buy shares of the own company and requires the approval of the > Annual General Meeting. The purpose of acquiring own shares is bound by stock corporation law.
Short sale
>Sell a security without physical coverage, creating a> short position.
The short seller usually borrows the> security (securities lending) and it sells with the intention of making the same security cheaper at a later date
buy back to be returned to the borrower.
Spot transaction (cash market)
> Business in which the transaction on the> stock exchange and its> fulfillment takes place within a very short time (> "t + 2"). Opposite:> futures.
Statistical measure
> Index, which represents the > performance of certain economic sectors.
Stock Exchange Act
> The Stock Exchange Act regulates the relationship between exchange members, or visitors, stock market traders and the exchange operating company.
Stock exchange market, where prices for securities and goods are formed.
Stock split
> Division of the > share capital into smaller units, whereby the capital stock and the total value the > shares remain unchanged.
Shareholder
> Owners of > shares that have the property and voting rights in a > stock corporation.
Subscription period
> Time period for the exercise of the> subscription right in which the > shareholder has to decide has whether he participates in a > capital increase or not.
T
Tender Price
> (Invoice Amount) Settlement amount that is payable on delivery of a specific > bond on Delivery day is to be paid.
Trading system
> Computer system that enables electronic trading of > securities
Y
Young shares
> Shares newly issued as part of a> capital increase.
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