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bourse

(Encyclopedia) boursebourseb&oobreve;rs [key], term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. The Paris bourse, dating from…

Martin, William McChesney, Jr.

(Encyclopedia) Martin, William McChesney, Jr., 1906–98, U.S. banker, chairman of the Board of Governors of the Federal Reserve System (1951–70), b. St. Louis. After an early career as a stockbroker,…

program trading

(Encyclopedia) program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using…

Dillon, Clarence Douglas

(Encyclopedia) Dillon, Clarence DouglasDillon, Clarence Douglasdĭlˈən [key], 1909–2003, U.S. secretary of the treasury (1961–65), b. Geneva, Switzerland (of American parents). After graduation (1931…

over-the-counter

(Encyclopedia) over-the-counter, method of buying and selling securities outside the organized stock exchange. Unlike an organized stock exchange, the over-the-counter market is composed of dealers…

Ward, John Quincy Adams

(Encyclopedia) Ward, John Quincy Adams, 1830–1910, American sculptor, b. Urbana, Ohio. He was trained under H. K. Brown, whom he assisted in the execution of the equestrian statue of George…

clearing

(Encyclopedia) clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed…

puts and calls

(Encyclopedia) puts and calls, in securities trading. A call is a contract that gives the holder the right to purchase a given stock at a specific price within a designated period of time. It is the…

Stock Market Goes Decimal

Complicated fractions abandoned in favor of pennies by David Johnson Related Links Stock Market BasicsDow 101Most Active Stocks on the NYSETop Stocks by Market Value Dow Jones Industrial Average…