Across
- 2. will shut down the markets or a stock in the event that it takes a pre-defined drop
- 5. serves as the middleman in the process of raising funds
- 11. a stock exchange in New York that began as a physical location
- 16. closed-end funds and structured products i.e. Standard and Poors 500 index and the DJIA
- 17. an automated system that matches, buys, and sells orders for securities
- 19. formed in 2005 as an ECN and was granted exchange status by the SEC
- 21. allows NYSE member firms to electronically transmit all market and limit orders directly to the specialist at the trading post or the member trading booth
Down
- 1. markets for existing assets that can be traded between investors i.e. NYSE
- 3. a way of exchanging assets
- 4. first electronic stock market listing over 5000 companies
- 6. distinguished by the flow of funds between the market participants
- 7. basis where the issuing firm assumes the risk and simply takes back an securities not sold after a fixed period
- 8. regulates the organized markets
- 9. electronic quotation service that gathers and publishes bid and ask quotation prices
- 10. a database that keeps track of limit orders and market orders for the specialist
- 12. where the company sells its stock to the public without the help of an investment bank
- 13. bring private companies public for the first time
- 14. occurs when prices respond to new information, when each successive trade is made at a price close to the preceding price
- 15. a non organized exchange with limited rules and regulations
- 18. guarantee the investment banking firm gives the selling firm to purchase its securities at a fixed price
- 20. gives the owner the right to buy 100 shares of the underlying common stock at a set price for a certain period