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

S

Scholes - Merton

The Nobel prize winning revision of the Black-Scholes option pricing model

SEAQ

The Stock Exchange Automated Quotation system for UK securities. A continuously updated computer database containing price quotations and trade reports for UK securities.

SEATS plus

Supports the trading of all AIM and listed UK equities whose turnover is insufficient for market makers or SETS.

SETS

Stock Exchange Trading Service. Otherwise known as the Order Book.

S.F.A.

Securities and Futures Authority. The Self Regulating Organisation (SRO) responsible for regulating the conduct of brokers and dealers in securities, options and futures. Now included within the FSA.

Short

More sales than purchases.

Short dates

Foreign exchange deals for a broken number of days up to the one month date.

S.M.F.

The Securities Masterfile provides up-to-date information on securities traded on UK and International markets.

Sold short

Someone who has sold a commodity without previously owning it. (Short sell)

Spot Foreign Exchange

A transaction to exchange one currency for another at a rate agreed today (the Spot rate), for settlement in two business days time.