Scalable Capital Glossary

is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold throughout the day on stock exchanges while mutual funds are bought and sold based on their price at day's end. [Wikipedia]

Exchange-traded fund

is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account

Automatic Savings Plan

is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. As of 2020, there were 36 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland), and the United Kingdom. [Wikipedia]

Single Euro Payments Area

is a trading venue operated by Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange) based in Frankfurt, Germany [Wikipedia]

Xetra

is a person or firm that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. [Wikipedia]

Broker

is an electronic trading system for securities. It is operated by the Munich Stock Exchange, which is subject to public law. It is one of two systems of this stock exchange: Max-one is organized as a specialist model and gettex as a market maker system. [wikipedia]

gettex

is a German securities identification code. It is composed of six digits or capital letters (excluding I and O), and no check digit. [Wikipedia]

Wertpapierkennnummer

uniquely identifies a security. Its structure is defined in ISO 6166. The ISIN code is a 12-character alphanumeric code that serves for uniform identification of a security through normalization of the assigned National Number, where one exists, at trading and settlement.

International Securities Identification Number

is an evaluation of a firm’s collective conscientiousness for social and environmental factors. It is typically a score that is compiled from data collected surrounding specific metrics related to intangible assets within the enterprise. [Wikipedia]

Environmental, social and corporate governance

is a situation where one business makes a commercial transaction with another. [Wikipedia]

Business-to-business

is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$10 trillion in assets under management as of January 2022. [Wikipedia]

BlackRock Inc.

literally means law of the banking system, is the primary legally implementation of the Basel Accords. It is binding for banks and other institutes providing financial services in Germany and effective since January 1935, but updated in 1962. [Wikipedia]

Kreditwesengesetz

is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. [Wikipedia]

Financial Conduct Authority

is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. [Wikipedia]

Bitcoin

is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. [Wikipedia]

Ethereum

is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. [Wikipedia]

Litecoin

is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Released in 2012, Ripple is built upon a distributed open source protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. [Wikipedia]

Ripple

In the context of buying and holding Bitcoin and other cryptocurrencies, is a phrase coined from a misspelling of "keep." Among crypto investors, it's also come to mean "cling on for dear life."

hold on for dear life

track the performance of an underlying cryptocurrency. For example, a Bitcoin ETP, minus the issuer's product costs, offers the opportunity to participate in the performance of the cryptocurrency Bitcoin.

Crypto Exchange-Traded Products

is a measure of the total cost of a fund to an investor. Total costs may include various fees (purchase, redemption, auditing) and other expenses. The TER, calculated by dividing the total annual cost by the fund's total assets averaged over that year, is denoted as a percentage. [Wikipedia]

Total expense ratio

are a new generation of online brokers that offer their services with a new range approach. Instead of focusing on the widest possible range of services, trading opportunities, etc., these brokers often focus on a dedicated area of trading and want to be particularly good there.

Scalable Capital Glossary

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