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Skontrofu\ührer

English translation: securities pricing analyst

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08:57 Dec 4, 2000
German to English translations [PRO]
Bus/Financial
German term or phrase: Skontrofu\ührer
"Die Aufgabe eines Skontroführers ist die Preisfeststellung für Aktien auf dem Parkett." This is obviously a stock-market term. Does anyone know its precise American English equivalent? TIA
Gregory Mehrten
United States
Local time: 19:01
English translation:securities pricing analyst
Explanation:
I don't know if "securities pricing analyst" will fit into your context, but try it on for size. It might be the closest equivalent. While "market maker" sounds great, there is a difference between Skontroführer and Market Maker.

Here are some definitions:
A market maker is a firm responsible for 'making a market', or providing liquidity, in a stock. It takes the risk of being a buyer(seller) of last resort when needed.
On the New York Stock Exchange there is only one market maker for each stock, the specialist. A specialist can make a market for more than one stock, but each stock does have only one specialist.
However, on the Nasdaq a stock can, and in the case of more liquid stocks, often does have more than one market maker. Each market maker is responsible for posting its best bid and best offer on the stock. This information is available in a Nasdaq Level II display.
daytrading.about.com/money/daytrading/library/jargon/bl_mm.htm

Registered competitive market maker (RCMM)
Identifies New York Stock Exchang (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms' capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer's otherwise unexecutable order.
www.finance-glossary.com/terms/12124.htm

Skontro
Verbindliche Aufzeichnungen des Maklers über die ihm erteilten Aufträge. ® Maklertagebuch
Maklertagebuch
Das von den Kursmaklern zu führende Tagebuch, in das alle Kauf- und \/erkaufsaufträge sowie die ermittelten Kurse einzutragen sind. ® Skontro
http://www.kst-ag.de/glossar/right.htm

Als die ganz große Stärke der Börse Stuttgart gilt allerdings das Limit Control System. Dabei werden beim Skontroführer (Makler) die angebotenen Preise der Market Maker (also der Emittenten) automatisch mit dem aktuellen Orderbestand sowie den neu eingehenden Orders verknüpft. Auf diese Weise ist eine schnellstmögliche Preisfeststellung möglich. Die Preisfeststellung selbst erfolgt hierbei durch den Makler, nicht durch Computersysteme. Die offenen Orders können bei den täglich millionenfach auftretenden Änderungen der angebotenen Preise umgehend ausgeführt werden. Zur Transparenz der Anleger werden alle Änderungen protokolliert und jeweils am folgenden Börsentag auf der Homepage der Euwax veröffentlicht.
www.gsc-research.de/neuemissionen/amtlicher/artikel/2000/05...

And finally, see the job description for a securities pricing analyst:
Position will entail all daily & monthly Pricing responsibilities supporting the European office, primarily London office. Securities base is primarily International Equity, Fixed income & Derivative instruments. Responsibilities include: Daily variance review. Review daily pricing feeds. Exception pricing. Foreign Exchange pricing. Liaise with the London & other European offices to resolve pricing queries. Stale price review. Collecting manual prices from brokers and other third parties. Occasional Project work. Support the NY pricing effort within AMS when available
www.pricingsociety.com/jobs/jm-spa.htm



Selected response from:

Ulrike Lieder
Local time: 16:01
Grading comment
I used "market maker" but your answer was very informative.
4 KudoZ points were awarded for this answer

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Summary of answers provided
nasecurities pricing analystUlrike Lieder
namarket makerbuckel
nasecurities pricerCami Townsend
namarket maker
Tim Drayton


  

Answers


4 mins
market maker


Explanation:
I would say that this is a market maker,
described in the American Heritage Dictionary as:
One that buys and sells securities on a continuous basis for one's own account by setting the prices at which the securities will be bought and sold.
(Just for the record, this guy used to be known as a 'jobber' on the London Stock Exchange, and maybe still is).

Tim Drayton
Cyprus
Local time: 02:01
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 154

Peer comments on this answer (and responses from the answerer)
buckel
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22 mins
securities pricer


Explanation:
I really don't know if the "pricer" part is really all that good, but I posted a query for "Skontroführung" awhile back and received/accepted as the best answer a reply from uel. If you use the "see more questions" link on the community homepage, you can search for that query and reply by simpling typing "Skontroführung" in the appropriate field. The response chosen implies that there's a difference between a "market maker" and "Skontroführer." My stock market expertise is limited more to the investor side of things rather than how it all happens at the exchange. Perhaps somebody else can shed more light on the differences between market makers and Skontroführer.



Cami Townsend
PRO pts in pair: 227
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53 mins
market maker


Explanation:
I think that is the best term as well, it contrasts the German Kursmakler, who is an officially appointed, well for want of a better word, market maker in the main segment (floor trade) in Frankfurt (and other German markets). Jobbers were around in London until the Big Bang of 1986.

Yours Mike Harold

buckel
Local time: 01:01
PRO pts in pair: 41
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3 hrs
securities pricing analyst


Explanation:
I don't know if "securities pricing analyst" will fit into your context, but try it on for size. It might be the closest equivalent. While "market maker" sounds great, there is a difference between Skontroführer and Market Maker.

Here are some definitions:
A market maker is a firm responsible for 'making a market', or providing liquidity, in a stock. It takes the risk of being a buyer(seller) of last resort when needed.
On the New York Stock Exchange there is only one market maker for each stock, the specialist. A specialist can make a market for more than one stock, but each stock does have only one specialist.
However, on the Nasdaq a stock can, and in the case of more liquid stocks, often does have more than one market maker. Each market maker is responsible for posting its best bid and best offer on the stock. This information is available in a Nasdaq Level II display.
daytrading.about.com/money/daytrading/library/jargon/bl_mm.htm

Registered competitive market maker (RCMM)
Identifies New York Stock Exchang (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms' capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer's otherwise unexecutable order.
www.finance-glossary.com/terms/12124.htm

Skontro
Verbindliche Aufzeichnungen des Maklers über die ihm erteilten Aufträge. ® Maklertagebuch
Maklertagebuch
Das von den Kursmaklern zu führende Tagebuch, in das alle Kauf- und \/erkaufsaufträge sowie die ermittelten Kurse einzutragen sind. ® Skontro
http://www.kst-ag.de/glossar/right.htm

Als die ganz große Stärke der Börse Stuttgart gilt allerdings das Limit Control System. Dabei werden beim Skontroführer (Makler) die angebotenen Preise der Market Maker (also der Emittenten) automatisch mit dem aktuellen Orderbestand sowie den neu eingehenden Orders verknüpft. Auf diese Weise ist eine schnellstmögliche Preisfeststellung möglich. Die Preisfeststellung selbst erfolgt hierbei durch den Makler, nicht durch Computersysteme. Die offenen Orders können bei den täglich millionenfach auftretenden Änderungen der angebotenen Preise umgehend ausgeführt werden. Zur Transparenz der Anleger werden alle Änderungen protokolliert und jeweils am folgenden Börsentag auf der Homepage der Euwax veröffentlicht.
www.gsc-research.de/neuemissionen/amtlicher/artikel/2000/05...

And finally, see the job description for a securities pricing analyst:
Position will entail all daily & monthly Pricing responsibilities supporting the European office, primarily London office. Securities base is primarily International Equity, Fixed income & Derivative instruments. Responsibilities include: Daily variance review. Review daily pricing feeds. Exception pricing. Foreign Exchange pricing. Liaise with the London & other European offices to resolve pricing queries. Stale price review. Collecting manual prices from brokers and other third parties. Occasional Project work. Support the NY pricing effort within AMS when available
www.pricingsociety.com/jobs/jm-spa.htm






    see above
Ulrike Lieder
Local time: 16:01
Native speaker of: German
PRO pts in pair: 3525
Grading comment
I used "market maker" but your answer was very informative.
Login to enter a peer comment (or grade)




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