Share on Facebook Share on Twitter Email
Answers.com

MIC

 
Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics

(Memory In Cassette) A storage chip inside a magnetic tape cassette used to enhance read/write operations. See AIT.

Download Computer Desktop Encyclopedia to your iPhone/iTouch

Investment Dictionary: Market Identifier Code - MIC
Top

A four-character code used to identify stock markets and other trading exchanges within global trading and referencing computer systems. The first letter of any MIC is "X", followed by a three-digit alphanumeric code for the market in which a trade takes place. The code is used to process and clear trades, and is being pushed toward global acceptance as the securities industries move toward straight-through-processing (STP). The London Stock Exchange uses MICs as part of their SEDOL security-identifying systems, which is an alternative to the U.S.-based CUSIP identifying system.

Investopedia Says:
STP is the holy grail of global securities trading. In order to be possible, there will need to be a wealth of codes for market of origin, currency and security identification. As it stands now, there are several different systems used by different countries and for differing types of securities. One global standard will have to emerge over time, and all of the software and processing systems will have to back it, making the necessary technical changes along the way. This process will take time as securities industries move toward the ultimate goal of an "any security, anywhere, anytime" marketplace.

Related Links:
The way trading is conducted is changing rapidly as exchanges turn toward automation. The Global Electronic Stock Market
Find out the answers to all the questions you had about stock exchanges but were afraid to ask! Getting to Know Stock Exchanges


Wikipedia: MIC
Top

MIC may refer to:

Contents

Business and industry

Education

Government and politics

Science

Technology

Religions

  • Marians of the Immaculate Conception, a Roman Catholic clerical congregation
  • Missionary Sisters of the Immaculate Conception a Roman Catholic congregation which also run schools.

Medicine

Other uses

See also


Shopping: MIC
Top
 
 
Learn More
Mic. (abbreviation)
uræmic
pyemic

What is a mic output? Read answer...
What is mic switch? Read answer...
What is fullform of mic? Read answer...

Help us answer these
Why do mics have a cover?
Advantages of a mic?
How do you turn on your mic?

Post a question - any question - to the WikiAnswers community:

 

Copyrights:

Sci-Tech Dictionary. McGraw-Hill Dictionary of Scientific and Technical Terms. Copyright © 2003, 1994, 1989, 1984, 1978, 1976, 1974 by McGraw-Hill Companies, Inc. All rights reserved.  Read more
Computer Desktop Encyclopedia. THIS COPYRIGHTED DEFINITION IS FOR PERSONAL USE ONLY.
All other reproduction is strictly prohibited without permission from the publisher.
© 1981-2009 Computer Language Company Inc.  All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Intelligence Encyclopedia. Encyclopedia of Espionage, Intelligence, and Security. Copyright © 2004 by The Gale Group, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "MIC" Read more