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Boston Exchange Automated Communication Order-Routing Network (BEACON)

Definition:

This system permits the automatic execution of trades based on the current stock prices on the consolidated markets at any of the US securities exchanges.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Actual/Actual

Day count convention for calculating interest accrued on U.S. Treasury bonds. Uses actual number of days in a month and actual number of days in a year for calculating interest payments. Also see Day... Read More

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