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In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets, with buyers and sellers consummating transactions at a central location, such as the floor of the exchange. [14]
The amount of stock each member bank must buy is set to be equal to 3% of its combined capital and surplus of stock in the Reserve Bank within its region of the Federal Reserve System. [ 17 ] [ 18 ] All of the commercial banks in the United States can be divided into three types according to which governmental body charters them and whether or ...
Most securities commissions have a mandate to protect consumers, make sure there is an orderly and stable financial market and that brokers and participants behave fairly with clients and each other. Often local stock exchanges as well as brokers are covered by the commission.
[86] [87] The Stock and Exchange Board, originally a minor shareholder in the Building Company, bought all the company's stock in November 1870. [88] [89] The company acquired the lot at 12 Broad Street, and the two buildings were combined and expanded to designs by James Renwick Jr. The Stock Exchange Building reopened in September 1871.
Cede and Company (also known as Cede and Co. or Cede & Co.) is a specialist United States financial institution that processes transfers of stock certificates on behalf of Depository Trust Company, the central securities depository used by the United States National Market System, which includes the New York Stock Exchange, and Nasdaq. [1]
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The Options Clearing Corporation (OCC) was founded in 1973, initially as a clearing house for five listed markets for equity options. Prior to its establishment, due to a great deal of encouragement from the SEC, the Chicago Board Options Exchange had its clearing entity, the CBOE Clearing Corporation.