Electronic Exchange

Electronic Exchange

A securities exchange in which traders do not physically meet to buy and sell securities. Instead, all trading takes place over a computer system, which may be operated from almost anywhere. Electronic exchanges may or may not have specified trading hours. Electronic exchanges differ from physical location exchanges, which have a central location to meet.
References in periodicals archive ?
Through its verification, electronic exchange, and reporting services, the Clearinghouse saves the education community cumulatively nearly four hundred million dollars annually.
4 January 2011 -- The US Securities and Exchange Commission (SEC) gave a green light to a start-up called Xpert Financial to operate as electronic exchange for transactions with shares in private companies, the Financial Times reported.
gov) in order to promote efficient electronic exchange of standard newborn-screening data and enable more effective use of newborn-screening test results in assessing child health.
And so the NAIC created NIPR as an affiliate company: a network linking states and the industry for the electronic exchange of producer licensing information and a central database of producer information.
The problems involving widespread data element sharing lie in proprietary system incompatibilities, in the electronic exchange of data and in security issues.
Built for the AS/400 platform, BizManager400 uses the Internet and industry standards to enable the electronic exchange of information among trading partners.
HIMSS recommends requiring electronic exchange of claims transactions to reduce the inefficiency of paper-based systems.
The Exposure Draft of the Originations Data Dictionary is the result of a comprehensive effort to inventory all data elements used in originating commercial mortgages and define those elements to facilitate the efficient electronic exchange of information among industry participants in the immediate future.
A number of competitors trying to set up somewhat similar technology exchanges, but Levenson sees this as the firs purchase of fuel oil done through an electronic exchange.
Nasdaq is an electronic exchange, with broker-dealers posting on computers the prices at which they are willing to trade.
Elaboration and definition of an electronic exchange format in XML for the control extract.
The Qingdao Harbor Trading Company subsidiary of Digital Gas has signed 2-year agreements with some 100 manufacturing, consumer products, electronics, chemical and other companies to create a web-based electronic exchange.

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