Brokerage Accounts
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In our eReader you can find the full English version of the book. Read Brokerage Accounts Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Brokerage Accounts
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40. Using the same settlement price of 12. 10, a difference of 150 points exists in C's favor which, in terms of money, contemplates a payment to C of $750, leaving a balance of $500 to A's credit.
Ring Clerks and the Clearing House A word of explanation may be given here as to how the ringing method is carried out in practice. The New York Cotton Exchange has established a clearing house of its own, where the ring clerks of the various cotton brokerage houses assemble each morning. Each clerk ...has in his possession a slate book containing the names of purchasing and selling brokers, and the number and classification of options which each broker has open on the Street ledger. A's clerk makes it his business to see B's clerk, or vice versa. An exchange of names then goes on until A calls the name of C. Imme- diately the possibility of ringing the 500 May presents itself. The ring is called off by the party making it. Thus, if A makes a ring with C, the names in the ring run as follows : A sold to B, B sold to C, C sold to A ; A being the first and the last name.
What to read after Brokerage Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Frederick Simson Todman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
40. Using the same settlement price of 12. 10, a difference of 150 points exists in C's favor which, in terms of money, contemplates a payment to C of $750, leaving a balance of $500 to A's credit.
Ring Clerks and the Clearing House A word of explanation may be given here as to how the ringing method is carried out in practice. The New York Cotton Exchange has established a clearing house of its own, where the ring clerks of the various cotton brokerage houses assemble each morning. Each clerk ...has in his possession a slate book containing the names of purchasing and selling brokers, and the number and classification of options which each broker has open on the Street ledger. A's clerk makes it his business to see B's clerk, or vice versa. An exchange of names then goes on until A calls the name of C. Imme- diately the possibility of ringing the 500 May presents itself. The ring is called off by the party making it. Thus, if A makes a ring with C, the names in the ring run as follows : A sold to B, B sold to C, C sold to A ; A being the first and the last name.
What to read after Brokerage Accounts?
You can find similar books in the "Read Also" column, or choose other free books by Frederick Simson Todman to read onlineMoreLess
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