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ABC

Stock exchange lexicon letter F

or Fixing:

 

It is a pause in quotation, it intervenes before the opening of the Paris Bourse, of 7:15 to 9:00 then with the fence of 17:30 to 17:35.

The commands accumulate during a certain time and the fixing of an exchange rate of balance intervenes with the period closure.


One can find this fixing in two other cases.

- certain small securities coast only one or twice per days and their quotation is said to fixing, the purchase orders and of sales accumulate until quotation.

- when a value goes up or drops of more than 10% in the same day it exists a system which is called the reservation with the fall or the rise (RB or RH), quotation is suspended to calm the play and a fixing is set up for a time chooses according to the value and of the commands which accumulate.

Future: in CAC 40 future

 

The future ones are contracts in the long term on indices.

For example the CAC 40 future August 2006 is a contract which finishes at the end of August. Its quotation precedes the CAC 40 (time value of the contract) and coast of 8:00 to 22:00 during the week.

This future is thus very useful before the opening of the French markets, because it will indicate the tendency before the opening of the .

Idem for the future ones on the US market which is of a great utility, that informs us of the tendency before the US opening which with place with 15:30.