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Consortium CN

A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…

Cyclical Stock

A corporate stock which is sensitive to the business cycle, i.e., it edges up (down) rapidly as the economy turns…

Accelerated Filer

A public company that meets a set of registration requirements at the end of its fiscal year in terms of...

Class “A” Shares

A class of common stock (specifically known as classified stock) that enjoys more voting rights than class “B” shares. The…

Class “B” Shares

A class of common stock (specifically known as classified stock) that enjoys less voting rights than class “A” shares. The…

Contract Size

In futures and option contracts, it refers to the amount or units of an asset to be delivered as dictated…

Current Report

A filing with the securities and exchange authority (the SEC), usually on Form 8-K, which gives specifics about an event…

Buttonwood Agreement

An agreement that was signed, in 1792, by 25 New York stockbrokers and merchants to establish an investment community that…

Dealer

A sell-side trader who sells exchange services to buy-side firms (such as investment managers and institutional investors) in return for…

Buy-Side Trader

A trader who buys exchange services from a sell-side trader (s). Examples of buy-side traders are individual investors and institutional…