The French cash market. All securities on the official list not traded on the monthly settlement market are traded on this market. Cash transactions comprise the least active shares and the great majority of bonds; any quantity may be negotiated for immediate settlement and delivery.
Marché officiel
Official list of French stock exchanges.
Margin
(i) In equity markets, the amount paid by the customer when he/she uses his broker’s credit to buy a security. (ii) For options, the sum required as collateral from the writer of an option. (iii) For futures, a deposit made to the clearing house on establishing a futures position.
Margin call
A demand for additional funds to be deposited in a margin account to meet margin requirements because of adverse future price movements.
Market Abuse
Conduct that adversely affects a financial market and falls below the standards expected by the regular user of that market. The Financial Services Authority (FSA) can enforce disciplinary action against those who commit such abuses.
Market capitalisation
The current total market value of a company’s issued shares. Obtained by multiplying the current market price by the current number of shares in issue.
Market operator
Market operator is a person or persons who effectively direct the business of a regulated market.
Market order
An order to buy or sell a financial instrument immediately at the best possible price.
Market value
The number of shares in issue multiplied by their current market price.
Market-maker
A market-maker is a person or firm authorised to create and maintain a market in a security. Market-makers commit themselves to always being ready to deal in the range of stocks for which they are registered.
