MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE - MIFID
A directive created by European Union, which took effect on 1 November 2007, that aims to integrate its financial markets and increase the volume of cross border investment orders. It implements new measures such as pre-trade and post-trade transparency and capital requirements every company must have. Also, it authorizes member states to regulate their own firms and requires them to offer best trade execution for its clients.
POPULAR TERMS
Cracking
Method of breaking down a larger product into smaller by-products. Used in the oil and gas industry, this can be accomplished by employing various ...
Claims Adjuster
Insurance agent evaluating the amount of compensation that should be paid following an individual made a claim on his insurance policy. These handl ...
Turnkey Solution
Solution that can be easily executed into current business processes or systems, which is immediately ready to be implemented. It aims to fulfill a ...
Deed
A legal document that grants the bearer a right or privilege, provided that he or she meets a number of conditions. In order to receive the privile ...
Closing Quote
Final regular-hour trading price of a security in a trading day. Because of supply and demand, closing quote of the previous day is not necessarily ...
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You write an offer and the seller accepts it. Deal closed. It is about time to go through the escrow process. Why does a buyer need to undergo this ...
Digesting Financial Statements: Working Capital
Analysts and investors look at the working capital and its trends to measure a company’s financial performance. This metric determines a busi ...
Choosing Your Bank
Now that you’ve learned the basics of banking and the importance of it, you are now ready to put your money in a bank. But which bank should ...
Retirement Planning: Last-Minute Preparation
The road to comfortable and enjoyable retirement is not an easy road. You will experience some challenges along the way as you save up for your gol ...
A Primer on Retirement Planning
Every person dreams of enjoying their lives once they reach their golden years. Most people desire living in a house with a beach front view or a m ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:02 | Trade Balance | Nov | |
| 07:00 | Economy Watchers Survey | Nov | |
| 09:00 | Industrial Production | Oct | |
| 10:00 | SECO Consumer Confidence | Nov | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:01 | BRC Retail Sales Monitor | Nov | |
| 02:30 | NAB Business Confidence | Nov | |
| 05:30 | RBA Interest Rate Decision | Dec |
