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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "T"

Displaying next 320 results of 491
Trade Date
Definition: The date that the counterparties in an interest rate swap commit to the swap. Also, the day on which a security or a commodity future trade actually takes place. Trades generally settle (are paid for) 1-5 business days after a trade date. With stocks, settlement is generally 3 business days after the trade. The settlement date usually follows the trade date by five business days, but varies depending on the transaction and method of delivery used.
Trade Debt
Definition: Accounts payable.
Trade Deficit Or Surplus
Definition: The difference in the value of a nation's imports over exports (deficit) or exports over imports (surplus).
Trade Draft
Definition: A draft addressed to a commercial enterprise. See: Draft.
Trade Flat
Definition: For convertibles, trade without accrued interest. Preferred stock always "trades flat," as do bonds on which interest is in default or is in doubt. In general, trade in and out of a position at the same price, neither making a profit nor taking a loss.
Trade House
Definition: A firm that deals in actual commodities.
Trade Lanes
Definition: The direction of trade, e.g. US to Europe.
Trade On The Wire
Definition: Immediately give a bid or offer to a salesperson without checking the floor conditions (listed), dealer depth (OTC) or customer interest. An aggressive trading posture.
Trade On Top Of
Definition: Trade at a narrow speed or no spread in basis points relative to some other bond yield, usually Treasury bonds.
Trade Option
Definition: A commodity option transaction in which the purchaser is reasonably believed by the writer to be engaged in business involving use of that commodity or a related commodity.
Trade Reporting
Definition: Dealer: In a trade between two registered Market Participants (MP), only the sell side reports the trade. Auction: In a trade between two member firms, only the sell side reports the trade. Dealer: In a trade between a registered MP and a non-registered MP (Market Maker not registered in a particular stock, an ECN, etc.), the registered MP reports the trade as a buy or sell. Auction: Trading can occur ONLY between two member firms. (Thus, a buy is never reported.)
Trade Surplus
Definition: A nation's excess of exports over imports during a given time frame.
Trade-weight Value Of The Dollar
Definition: The value of the dollar pegged to, a market basket of selected foreign currencies. The Federal Reserve calculates a trade-weighted value of the dollar based on the weighted-average exchange value of the dollar against the currencies of 10 industrial countries.
Trademark
Definition: A distinctive name or symbol used to identify a product or company and build recognition. Trademarks may be registered with the US Patent and Trademark Office.
Trader
Definition:

(1) A merchant involved in cash commodities;

(2) a professional speculator who trades for his own account and who typically holds exchange trading privileges.

Traders
Definition: Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. Traders can also take proprietary positions in which they seek to profit from the directional movement of prices or spread positions.
Trades By Appointment
Definition: A stock that is very difficult to trade to because of illiquidity.
Trading
Definition: Buying and selling securities.
Trading Ahead
Definition: A New York Stock Exchange rule violation. Basically, in this situation the specialist puts their firm's interest ahead of the investor's interest. Consider an example. Suppose that the specialist simultaneously receives orders from two investors, one to sell 5,000 shares of XYZ and one to buy 5,000 shares of XYZ. Normally, these orders are matched. However, suppose that the specialist substitutes (matches) her own firm's 5,000 shares of XYZ. That is, the firm's own shares are sold instead of the order that came in previously. This disadvantages the buyer because the very next transaction will be the order to sell 5,000 shares of XYZ (which will likely put downward pressure on the price). Notice that the firm has bailed out of XYZ at a higher price than if the order was reversed (the specialist's firm selling afterwards). Trading ahead is part of what is known as negative obligation. Trading ahead should not be confused with front_running.
Trading Arcade
Definition: A facility, often operated by a clearing member that clears trades for locals, where e-locals who trade for their own account can gather to trade on an electronic trading facility (especially if the exchange is all-electronic and there is no pit or ring).
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