Competitive Local Exchange Carrier (CLEC): Any telephone company that offers service in a specific area. Now that the industry has been deregulated, several companies may offer service in a single area. New ones entering a market are Competitive Local Exchange Carriers. The original telephone company at the time of deregulation is known as the Incumbent Local Exchange Carrier (See also ILEC).

 

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Competitive Local Exchange Carrier (CLEC): Any telephone company that offers service in a specific area. Now that the industry has been deregulated, several companies may offer service in a single area. New ones entering a market are . . . View Full Definition

Malaysia Commodity Exchange: A subsidiary of the KLSE that trades interest rate futures on the three-month Kuala Lumpur Interbank offered rate.

Membership Or A Seat On The Exchange: A limited number of exchange positions that enable the holder to trade for the holder's own accounts and charge clients for the execution of trades for their accounts. Related: Member firm.

Mexican Stock Exchange: The only stock exchange in Mexico. The Indice de Precios y Cotizaciones, or IPC index, consists of the 35 most representative stocks chosen every two months.