Glossary

This glossary is available to download as a PDF

1. A
2. B
3. C
4. D
5. E
6. F
7. G
8. H
9. I
10. J
11. K
12. L
13. M
14. N
15. O
16. P
17. Q
18. R
19. S
20. T
21. U
22. V
23. W
24. X
25. Y
26. Z

M

Mandatory QuotePeriod

The time when market-makers on the LSE's SEAQ and SEAQ International computers are obliged to make firm two-way quotes for the securities in which they are registered.

Market Maker

An authorized trader, obliged to make firm two-way quotes in financial instruments during trading periods.

Mark-to-Market

A process whereby existing positions are revalued on a daily basis.

Mine

Where a dealer takes the offer which has been quoted by a counterparty. It must be qualified by the amount.

Mortgage Backed Security

Debt security backed by a pool of mortgages.

M.T.N.

Medium-term note. An unsecured note issued in a euro-currency with a maturity of three to six years.