Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Closing an open position by taking the opposite trade in the same quantity.
The only thing a contingency arrangement will do for you during an outage. Those routes get you out and never in, because squaring off reduces risk and opening a position does not.
Dedicated connections to the trading system, provided by the exchange, through which a broker whose own platform has failed can still square off clients’ positions.
Provided by the exchange, operated by the broker — which is the whole point, because on the day it happens the route still runs through reaching your dealer desk. Risk reduction only: nothing new is opened through them.
The tag an exchange attaches to a listed security — a series on the NSE, a group on the BSE — that determines its settlement treatment, most importantly whether intraday trades may be netted off.
It belongs to the security, not the company, and it moves. The ordinary one lets you square off the same day; the trade-to-trade one does not, and the chart looks identical either way.