financial markets. An operating MIC, also called exchange level MIC, identifies the entity operating an exchange, trading platform, regulated or non-regulated market or a trade reporting facility in a specific country; it is the ‘parent’ MIC to one or several market segment MICs. As it stands now, there are several different systems used by different countries and for differing types of securities. A market segment MIC identifies a section of one of the entities covered by the code that specializes in one or more specific instruments or is regulated differently.

In order for it to be possible, there will need to be a wealth of consistent codes for the market of origin, currency, and security identification.

This process will take time as securities industries move toward the ultimate goal of an "any security, anywhere, anytime" marketplace.

MIC: Maximum Import Capacity (electric power) MIC: Microsoft Internet Chat: MIC: Molecular Imaging Corp: MIC: Management Information Corporation: MIC: Metal Industries Company, Ltd: MIC: Machinery Insurance Cooperative: MIC: McAfee India Center (Bangalore, India) MIC: Machine Interface Code: MIC: Militant Insurance Clerks: MIC: MFV International Corporation (various locations) MIC is an online acronym dictionary designed to bring users the most relevant definitions of popular acronyms, abbreviations and initialisms. Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database,, Miami Intermodal Center (ground transportation hub; Miami, FL), Manufacturing Industrial Council (Seattle, WA), Modular Interface Card (various companies), Mortgage Insurance Company (various locations), Mortgage Investors Corporation (various locations), Marketing Information Center (various organizations), Mandatory Integrity Control (Microsoft Windows security feature), Management Information Consulting (Virginia), Manufacturers Investment Credit (California), Modular Industrial Controller (computer hardware), Music Industry Commission (various locations), Marine Inspector and Cleaner (vacuum cleaning system), MFV International Corporation (various locations), Mamey Investment Corporation (California). For each market segment MIC, there is a parent MIC, also known as an operating MIC. By using Investopedia, you accept our. A Quick Response (QR) Code is a type of bar code which can be read by a digital device and which stores information. Algorithmic/Automated Trading Basic Education, Investopedia uses cookies to provide you with a great user experience. Market organizations can apply for a MIC by submitting a request to the registration authority. PSP, HIPAA In business or finance, MIC means Market Identifier Code. With MICs being used as the universal identifying standard, it could be a significant step in bringing straight-through processing closer to being realized beyond the concept phase. Get the top MIC abbreviation related to Accounting. For MIC we have found 500 definitions. A market identifier code (MIC) is used to specify stock markets and other exchanges in which securities are traded. © 1988-2020, Examples: NFL, The code is unique, includes four characters, and starts with X, followed by a three-digit code to signify the market, such as XNAS for the Nasdaq market. NASA, On this page you will find the MIC meaning, what MIC stands for, and possibly some other relevant information. Depending on the circumstances, it can happen that only specific segments of a market receive identification with a market segment MIC. What does MIC stand for in Accounting? There are different types of MICs. The International Securities Identification Number (ISIN) is a code that uniquely identifies a specific securities issue. If you're looking for the business or finance term that MIC stands for, you've come to the right place. ; What does MIC mean? The International Organization for Standardization (ISO) publishes the MIC list of all countries on the second Monday of the month.

Compustat is a comprehensive market database published by Standard and Poor's. An international bank account number (IBAN) is a standard numbering system, developed to identify bank accounts from around the world. Postal codes: USA: 81657, Canada: T5A 0A7, Your abbreviation search returned 123 meanings, showing only Business & Finance definitions (show all 123 definitions), Note: We have 250 other definitions for MIC in our Acronym Attic, Search for MIC in Online Dictionary Encyclopedia, The Acronym Finder is Typically, a market segment MIC is generated when demand merits the need to identify the segment. Word(s) in meaning: chat  Here on, we define the meanings of all kinds of acronyms, abbreviations and initialisms, including those relating to business and finance such as MIC. A market identifier code (MIC) is a four-character code used to identify stock markets and other trading exchanges within global trading and referencing computer systems. Finance MIC abbreviation meaning defined here.

,random The meaning of MIC is Market Identifier Code. Straight through processing, a conceptual approach for improving the speed of processing transactions is considered to be the holy grail of global securities trading. MIC: Mortgage Investors Corporation (various locations) MIC: Microbiologically Influenced … A market identifier code (MIC) is used to specify stock markets and other exchanges in which securities are traded. If you're looking for the business or finance term that MIC stands for, you've come to the right place. Here on, we define the meanings of all kinds of acronyms, abbreviations and initialisms, including those relating to business and finance such as MIC. Ultimate Trading Guide: Options, Futures, and Technical Analysis, Understanding Market Identifier Code (MIC), International Securities Identification Number (ISIN), Why International Bank Account Number (IBAN) Matter, How Straight-Through Processing (STP) Saves Banks and Companies Money. ISO currency codes are three-letter alphabetic codes that represent the various currencies used throughout the world and make up currency pair symbols. Get the top MIC abbreviation related to Finance.

MIC Business / Finance Meaning.

Market segment MICs were instituted for more accuracy, according to ISO. Accounting MIC abbreviation meaning defined here. If your citations must be in either APA, Chicago, Harvard or MLA formats, you can just copy and paste the citation. Need to cite this information? MIC: Mortgage Insurance Company *** MIC: Maternal and Infant Care Medicine for Children …

"global warming" Straight-through processing is an automated electronic payment process that is used by corporations and banks. The code is used to process and clear trades and is being pushed toward global acceptance as the securities industries move toward straight-through-processing (STP).

The London Stock Exchange uses MICs as part of its SEDOL security-identifying systems, which is an alternative to the U.S.-based CUSIP identifying system. What does MIC stand for in Finance? One global standard will have to emerge over time, and all of the software and processing systems will have to back it, making the necessary technical changes along the way. Synonym: exchange-level MIC. The offers that appear in this table are from partnerships from which Investopedia receives compensation. We know 500 definitions for … An operating MIC, in turn, identifies the entity that operates an exchange, trading platform, regulated or non-regulated market, or a trade reporting facility in a specific country. MICs have been presented by ISO as an international standard to identify markets, trading platforms, and exchanges to allow for automated processing of trades. MICs are used as an international, universal standard of identification, with codes defined by the International Organization for Standardization (ISO). The code is unique, includes … Acronym Finder, All Rights Reserved.

The first letter of any MIC is X, followed by a three-digit alphanumeric code for the market in which a trade takes place.

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