An index formed by selecting a number of prominent shares traded on a stock exchange and comparing the value of these shares with their value on a stated date in the base year. The daily value of the shares takes into account the volume of shares traded (see weighted average).

See:

Chambre Agent General Index, Commerzbank Index, Dow Jones Industrial Average, Financial Times Share Indexes, Nikkei Stock Average, Hang Seng Index.

• International Petroleum Exchange
• International Securities Market Association
• international security identification number
• International Stock Exchange in London
• International Stock Exchange of the UK and Republic of Ireland Ltd
• International Swaps and Derivatives Association
• International Union of Credit and Investment Insurers
• intervention mechanism
• intervention price
• intestacy
• in-the-money option
• intraday limit
• intrinsic value
• introduction
• inverse floater swap
• inverse floating-rate note
• inverse yield curve
• inverted market
• investment
• investment analyst
• investment bank
• investment bond
• investment climate
• investment club
• investment company