Open outcry: related pages
ATS (automated trading system)
A computer system for matching orders in securities.
Straight through processing
The passing of orders through purely electronic systems with no human intervention.
Clearing house
A provider of settlement services that deals with the transfers of ownership necessary after a securities trade takes place.
Central counterparty
A financial institution that acts as an intermediary between security market participants.
DVP (delivery vs payment)
Making payment for securities only on delivery, to minimise the risk to which securities market participants are exposed.
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