Saudi Arabia and Oman already have
trading units, and Abu Dhabi National Oil Co said earlier this month it may seek partners as it expands into trading.
Schenck is to be promoted to deputy CEO and co-run the bank's investment banking and
trading units alongside Garth Ritchie.
Also, this decision has been made with respect to the Action Plan for Consolidating
Trading Units, an initiative by stock exchanges in Japan to unify
trading units at 100 shares.
The decision also has been made with respect to the Action Plan for Consolidating
Trading Units, an initiative by stock exchanges in Japan to unify
trading units at 100 shares.
It has
trading units and representative offices on both sides of Suez.
Mr Osborne said banks must be set up so their High Street branches and savings and loans would not be damaged if their
trading units ran into trouble.
will consolidate the standard sizes of
trading units for shares on its bourse to 100 and 1,000 by April 2012, TSE officials said.
Although no industry standard exists, these are the preferred minimum
trading units, ranging from $1 million to $5 million.
According to the existing requirements for the minimum
trading unit and amount in paired block trades, investors must either buy or sell at least 1,000
trading units or must have their trading amount exceed NT$30 million if they engage in the block trade of a single security.
Global Banking News-December 19, 2013--RBC considering spinning off proprietary
trading unitsUse of multiple stock
trading units requires review: Yosano
The ED defines (paragraph 5, page 2) the market value of a financial instrument as "the product of the number of
trading units of the instrument times the market price - the amount at which a single
trading unit of the instrument could be exchanged in a current transaction between a willing buyer and a willing seller, other than in a forced liquidation sale.
