Dictionary
- Arbitrage Pricing Theory
- Arbitrage Pricing Theory is based on the Factor Model, emphasizing diversification and arbitrage arguments. The theory describes the dependency between the expected asset returns.
- Asset Allocation
- Dividing instrument funds (stocks, bonds) among markets to achieve diversification or maximum return.
- Asset Turnover (ATO)
- The ratio of net sales to total assets generated for every dollar's worth of assets.
- ATS - Alternative Тrading Systems
- The most innovative segment of the stock market represented by electronic communication networks (ECNs) which provide investor with faster and cheaper access to markets. The most famous alternative trading systems are Instinet, SOES, Island, SelectNet, Terra Nova, etc.
- Auction Market
- A market where buyers and sellers enter simultaneous bids and offers such as the New York Stock Exchange (NYSE).