VOCABULARY PRACTICE
Date: 2015-10-07; view: 379.
Ex. 1. Look at the words in the box, all of which are from this unit. Match the words with the correct definition from the list below.
| futures, financial futures, options, financial options, seller's option, buyer's option, order-driven trading, quote-driven trading, cross-border investment, Big Bang |
1. Popular term for the deregulation of the London Stock Exchange on 27 October 1986.
2. Exchange traded contracts specifying a future date of delivery or receipt of a certain amount of specific tangible and intangible product.
3. A right to buy or sell a fixed amount of financial instruments.
4. Acquisition of another country's assets through investment.
5. A special transaction on the NYSE which gives the seller the right to deliver the stock or bond at any time within a specified period.
6. Stock market that reacts to the quotation of market markers rather than to the number and flow of incoming orders.
7. Futures contracts based on financial instruments.
8. A right to buy (call) or sell (put) a fixed amount of a given stock at a specified price within a limited period of time.
9. Option to buy shares (call), commodities or financial futures at an agreed price on or before an agreed future date.
10. Trading on a stock market that reacts to the now of incoming orders.
Ex. II. Look through this excerpt and then fill the spaces with words from the box. Translate the text into Russian.
| stock index, futures market, stocks, bonds, put, futures contracts (2), instruments, commitment, computers, stamp duty |
In addition to the cash market for ... (1) and ... (2), the Tokyo Stock Exchange has ... (3) based on the ... (4) and government bonds.
In the stock index futures trading room, ... (5) based on TOPIX (Tokyo Stock Price Index) are traded through ... (6).
A futures contract is a ... (7) to buy or sell a specific amount of a product on a future date. The traded commodities include stock index futures and financial ... (8). The purchase or sale of the TOPIX futures on the Tokyo Stock Exchange is a commitment to participate in the overall performance of the First Section of the Exchange market rather that trading in individual stocks.
The Tokyo Stock Exchange permits not only Regular Members but also certain qualified non-members to directly participate in the TOPIX ... (9). These non-members are called "Special Participants".
*TOPIX – Tokyo Stock Prince Index (daily average for a month)
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| New Ways for Old | | | Ex. III. Translate the following texts into English making use of the active vocabulary. |