Incumbent Local Exchange Carrier (ILEC): The historic local phone service provider in a market, often a former Bell company. Distinct from competitive local exchange carriers (CLECs), new market entrants.

 

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Incumbent Local Exchange Carrier (ILEC): The historic local phone service provider in a market, often a former Bell company. Distinct from competitive local exchange carriers (CLECs), new market entrants.

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.

Major Exchange: Indicates listing on established national or regional stock exchange.

Madrid Stock Exchange (Bolsa De Madrid): The largest of Spain's four stock exchanges.

London Commodity Exchange (LCE): Merged with the London International Financial Futures and Options Exchange in 1996.

London International Financial Futures Exchange (LIFFE): A London exchange where Eurodollar futures as well as futures-style options are traded.

London Metal Exchange (LME): A market for trading base metals, where traded options contracts are available against the underlying futures contract.

London Stock Exchange (LSE): The U.K.'s six regional exchanges joined together in 1973 to form the stock exchange of Great Britain and Ireland, later named the LSE. The FTSE 100 index (known as the footsie) is its domin . . . View Full Definition