The American Code for Information Interchange (ASCII) is a type of code for data transmission. It was used in most computer systems for many years.

ASCII is a type of code for data transmission. There are two types of ASCII codes; the standard code uses a seven-bit encoding system, while the extended uses an eight-bit system. ASCII is still used for legacy data, however, various versions of Unicode have largely supplanted ASCII in computer systems today. The ASCII translates all letter characters and symbols into code that was widely used in most computer systems for many years. But the ASCII codes were used in the order-entry computer systems of many traders and brokers for years.

American Code for Information Interchange (ASCII)

A CINS number is a unique identifier for securities offered outside of the United States and Canada.

A CINS number is an international extension of the CUSIP numbering system. A CINS number consists of nine characters that identify the issuer, country of origin, unique security issue, and a check digit.
CINS numbers are significant because they are used to identify and resolve transactions involving international securities.
CINS As an extension of the CUSIP system, CINS numbers are ultimately under the management of Standard & Poor’s, with the entire system owned by the American Bankers Association (ABA), which together run the CUSIP system. CINS numbers are used to identify international securities and are an extension of the CUSIP system used for U.S. and Canadian securities. CINS numbers and equivalent identifiers are significant because the codes are used for the resolution of securities transactions and other purposes that allow financial institutions to report transactions to authorities.

CINS Number

A dummy CUSIP number is a temporary placeholder used internally by a company to identify a security until its official CUSIP number is assigned.

A dummy CUSIP number is a temporary, nine-character placeholder used internally by a company to identify a security until its official CUSIP number is assigned. A dummy CUSIP number is a temporary, nine-character placeholder used internally by a company to identify a security until its official CUSIP number is assigned. A dummy CUSIP number is a temporary, nine-character placeholder used internally by a company to identify a security until its official CUSIP number is assigned. A dummy CUSIP number is a temporary nine-character alphanumeric code that acts as a seat saver before the official CUSIP number is assigned. A dummy CUSIP is supplied by the CUSIP Global Services (CGS), which is managed on behalf of the American Bankers Association by S&P Global Market Intelligence.

Dummy CUSIP Number

Encryption is a means of securing digital data using an algorithm and a key.

Federal Information Processing Standards Publication 197, Announcing the Advance Encryption Standard (AES)

The Morning Download: Why Encryption of Corporate Data Remains a Powerful But Underutilized Tool

The Target and Other Financial Data Breaches: Frequently Asked Questions.

Encryption is a means of securing digital data using one or more mathematical techniques, along with a password or "key" used to decrypt the information. The former is achieved as the public key verifies the paired private key for the genuine sender of the message, while the latter is accomplished as only the paired private key holder can successfully decrypt the encrypted message. In the latter quarter of the 20th century, web developers used either 40-bit encryption, which is a key with 240 possible permutations, or 56-bit encryption. In this method, a person can encrypt a message using the receiver’s public key, but it can be decrypted only by the receiver's private key. It uses the same secret key to encrypt the raw message at source, transmit the encrypted message to the recipient, and then decrypt the message at the destination.

Encryption

The International Securities Identification Number (ISIN) is a 12-digit alphanumeric code that uniquely identifies a specific security.

What Are the Trusted Originator of Quality Identifiers and Descriptive Data

An International Securities Identification Number (ISIN) is a 12-digit alphanumeric code that uniquely identifies a specific security. The International Organization for Standardization (ISO) 6166 currently defines an ISIN’s structure.﻿﻿ Currently, an ISIN can be assigned to most forms of securities including (but not limited to) equity shares; units and/or depositary receipts; debt instruments including bonds; commercial paper; stripped coupons and principal amounts; T-bills; rights and warrants; derivatives; commodities; and currencies. For example, according to ISIN Organization, IBM common stock is traded on close to 25 trading exchanges and platforms, and its stock has a different ticker symbol depending on where it is traded. However, IBM stock has only one ISIN for each security.﻿﻿ The ISIN code is the only common securities identification number that is universally recognized. In 1994, the Global ISIN Access Mechanism was created to electronically exchange ISIN information across regions through a digital information exchange process called GIAM-2.

International Securities Identification Number (ISIN)

A runner is generally known as a broker-dealer employee who delivers a trade order to the broker's floor trader for execution. 

A runner is short-hand for a junior broker-dealer employee who delivers a trade order to the broker's floor trader for execution. Runners were junior employees who worked on the floor of the exchange, running from trader to trader (or broker) in order to collect and disseminate trade ticket information to the correct location. On the trading floor they do this by shouting orders, using hand signals or following the exchange's pit trading system. A runner is short-hand for a junior broker-dealer employee who delivers a trade order to the broker's floor trader for execution. If a runner is used, the runner will usually be responsible for delivering the trade order to the company’s broker located in the exchange's trading pit.

Runner

In finance, the term "tape shredding" refers to the practice of executing a single purchase or sale order using a series of smaller transactions.

Self-Regulatory Organizations; National Stock Exchange; Order Granting Approval to Proposed Rule Change to Prohibit Tape Shredding

In finance, the term "tape shredding" refers to the practice of executing a single purchase or sale order using a series of smaller transactions. The term originates from before the adoption of fully computerized trading platforms when brokers used to receive their trade orders on printed composite tape, also known as ticker tape. Before electronic trade execution became commonplace, human brokers would receive their clients' orders on physical machines that would print those orders on composite tape. Although tape shredding by human brokers is now a rarity, the underlying concept of tape shredding continues to be widely used. Because brokers are often compensated for each order they fill, unethical brokers would sometimes split up large orders into several smaller orders, simply for the sake of generating additional commissions.

American Code for Information Interchange (ASCII)

More in Investing

What Is the American Code for Information Interchange (ASCII)?

Understanding the American Code for Information Interchange (ASCII)

Related terms:

CINS Number

Dummy CUSIP Number

Encryption

International Securities Identification Number (ISIN)

Runner

Tape Shredding