Author: investmentbanking
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The Commodity Futures Trading Commission (Cftc)
Created by Congress in 1974 to regulate exchange trading in futures….
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Stock Index Futures
A futures contract on a stock index….
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Stop Limit Order
A stop order that becomes a limit order after the specified stop price has been reached. (See: Limit Order, Stop Order)…
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Stockholder Of Record
A stockholder whose name is registered on the books of the issuing corporation. (See: Registrar)…
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Stock Ticker Symbols
Every corporation whose transactions are reported on the NYSE or AMEX ticker or on Nasdaq has been given a unique identification symbol of up to four letters. These symbols abbreviate the complete corporate name and facilitate trading and ticker reporting. Some of the most famous symbols are: T […]
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Spin Off
The separation of a subsidiary or division of a corporation from its parent company by issuing shares in a new corporate entity. Shareowners in the parent company receive shares in the new company in proportion to their original holding and the total value remains approximately the same….
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Short Covering
Buying stock to return stock previously borrowed to make delivery on a short sale….
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Seller’S Option
A special transaction on the NYSE that gives the seller the right to deliver the stock or bond at any time within a specified period, ranging from not less than two business days to not more than 60 days….
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Securities Investor Protection Corporation (Sipc)
Provides funds for use, if necessary, to protect customers’ cash and securities that may be on deposit with a SIPC member firm in the event the firm fails and is liquidated under the provisions of the SIPC Act. SIPC is not a government agency. It is a non-profit membership corporation […]
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Secondary Distribution
Also known as secondary offering. The redistribution of a block of stock some time after it has been sold by the issuing company. The sale is handled off the NYSE by a securities firm or group of firms and the shares are usually offered at a fixed price related to the current market price of…
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Securities Industry Automation Corporation (Siac)
An independent organization established by the New York and American Stock Exchanges as a jointly owned subsidiary to provide automation, data processing, clearing and communications services….
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Scripophily
A term coined in the mid-1970s to describe the hobby of collecting antique bonds, stocks and other financial instruments. Values are affected by beauty of the certificate and the issuer’s role in world finance and economic development….
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Sell Side
The portion of the securities business in which orders are transacted. The sell side includes retail brokers, institutional brokers and traders, and research departments. If an institutional portfolio manager changes jobs and becomes a registered representative, he or she has moved from the buy […]
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Regulation T
The federal regulation governing the amount of credit that may be advanced by brokers and dealers to customers for the purchase of securities. (See: Margin)…
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Regular Way Delivery
Unless otherwise specified, securities sold on the New York Stock Exchange are to be delivered to the buying broker by the selling broker and payment made to the selling broker by the buying broker on the third business day after the transaction. Regular way delivery for bonds is the following […]