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DECS

An acronym for debt exchange for common stock. It is a convertible security which constitutes a listed structured product issued…

Arbitrage

A trading tactic in which an asset is bought at a low price on one market and then is immediately…

ATB

It stands for against the box; a short sale which is carried out by the holder of a long position…

Against The Box

A short sale which is carried out by the holder of a long position in the same stock being sold. The…

CUSIP Number 

A nine-character numbering system that is used to identify companies and individual securities in the United States and Canada. More…

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…

Value Effect

A measure that compares the book value of a company to the price of its stock – an inverse of...

BTM Effect

It stands for book-to-market effect; a measure that compares the book value of a company to the price of its...

Book-To-Market Effect

A measure that compares the book value of a company to the price of its stock – an inverse of...