Banking Job Acronyms

Question 1

ADTV

Answer 1

Average Daily Trading Volume. It is the average of the amount of stock traded during a certain amount of time during a day.

Question 2

AMEX

Answer 2

American Stock Exchange. It is the third largest in the United States. It has more than 700 companies in it and is headquartered in New York City.

Question 3

CB

Answer 3

Current Bid. It is the amount of the bids at the current time.

Question 4

CMP

Answer 4

Current Market Price. It is the price at which the stock is currently being traded. This figure is between the asking price of the stock and the bidding price.

Question 5

DJIA

Answer 5

Dow Jones Industrial Average. The average is taken from 30 of the top traded securities. It was first calculated by the founder and editor of the Wall Street Journal Charles Dow.

Question 6

IPO

Answer 6

Initial Public Offering. This occurs the first time a stock is offered to the public.

Question 7

IRA

Answer 7

Individual Retirement Account. It provides tax breaks for people who are saving for retirement and invests in the stock market.

Question 8

NASDAQ

Answer 8

National Association of Securities Dealers Automated Quotation. Over 3,000 companies are traded on it and it is the second largest in the United States.

Question 9

PFD

Answer 9

Preferred stock. This is stock which has a higher priority than common stock.

Question 10

QTE

Answer 10

Quote. It refers to a stock’s last price it was traded for on its exchange.