Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


F

Fast Market
Federal Reserve System
Fiduciary
Financial Services Act 1986
Fixed Price Offer
Floating Rate
Flowback
Free Delivery / Free Payment
FTSE 100
FTSE 350
FTSE All Share Index
FTSE Eurotop 100
FTSE Eurotop 300
FTSE Mid 250
FTSE Ordinary Share index

Fast Market
A situation where markets are hectic and turbulent such that prices are rapidly changing. As a result, prices quoted on electronic trading systems may not be up to date. In the UK, SEAQ prices become indicative rather than firm during a fast market as a result.
 
Federal Reserve System
The central banking system of the USA, made up of a number of regional Federal Reserve banks that regulate banking activities.
 
Fiduciary
An individual or institution responsible for acting for the benefit of another in specified matters or for holding funds in trust.
 
Financial Services Act 1986
Principal UK legislation relating to the regulation of the financial services industry.
Fixed Price Offer
A method of implementing an Offer for Subscription or Offer for Sale. When a company is issuing shares, it will invite applications for shares at a predetermined price under a fixed price offer.
 
Floating Rate
A rate of interest which varies over time, depending on the market rates of interest.
 
Flowback
Term used to describe the cancellation of issued Depositary Receipts that are the result of market trading.
 
Free Delivery / Free Payment
A settlement situation whereby one side of the trade is delivered in the absence of the other side, i.e. the free delivery of securities in a bonus issue or the free payment of dividends.
 
FTSE 100
Financial Times Stock Exchange 100 index – the index containing the top 100 listed shares in the UK.
 
FTSE 350
The index containing the top 350 listed UK shares. This index is used for calculating the industry baskets that give average ratios for the companies in each sector.
 
FTSE All Share Index
The index containing virtually all major listed shares in the UK, comprising of some 900 shares.
 
FTSE Eurotop 100
The index containing the top 100 shares in Europe
 
FTSE Eurotop 300
The index containing the top 300 shares in Europe
 
FTSE Mid 250
The index containing the second largest 250 listed shares in the UK after the FTSE 100 index.
 
FTSE Ordinary Share index
The index based on the top 30 shares in the UK, also known as the FT 30.
 

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