#finance
63 words tagged “finance”
Friendly buyer that swoops in to rescue a company from a hostile bidder.
A discount applied to an asset's value, or a forced loss on a position.
A high-pressure phone-bank operation cold-calling retail to dump dodgy stock.
The last hour of trading on options-expiry days, when prices go feral.
One hundredth of a percent — the unit finance uses when 'percent' is too clumsy.
Buying and selling the same security with no real change of ownership, just to fake activity.
Buy a big stake, threaten a takeover, then sell it back to the target at a premium.
A boring, safe, dividend-paying share thought fit for people who can't afford to lose.
Mature content — open to view.
Pit trading by shouting and hand signals.
Quarterly Friday when stock options, index options and index futures all expire together.
Initial Public Offering — a company's first sale of stock to the public.
The deep-dive investigation a buyer runs on a target before signing.
The discount taken off collateral value in a repo trade.
Edge info on a coin or NFT before it moons.
The tiered ring on an exchange floor where open-outcry traders work.
Slow steady erosion of P&L, premium or capital.
The bound presentation bankers use to pitch a deal or sell their services.
Selling a client a product that craters and ruins them.
Sell a stock at the close and buy it back at the open to bank a tax loss.
Bond traders' bluffing game played with the serial numbers on dollar bills.
Desk shorthand for the Magnificent Seven US tech mega-caps.
Options sellers who farm time decay instead of betting on direction.
A position a trader badly wants done, pushed onto sales to shift to clients.
A private startup valued over $1 billion.
A green trainee on the Salomon Brothers trading floor.
The option Greek for sensitivity to implied volatility.
Subscribing to an IPO just to flip the allocation on day one.
A funding round priced below the last one.
The senior banker whose Rolodex prints fees.
The seven mega-cap US tech stocks carrying the index.
The classic hedge fund fee: 2% of assets, 20% of profits.
Buy a security in massive size because the price is too good to pass up.
An out-of-nowhere headline that jolts the market mid-session.
Liar's Poker nickname for a relentlessly profane Salomon trader.
Try to buy an asset mid-plunge and hope you don't get sliced.
A broker over-trading a client's account just to harvest commissions.
Immediate-or-cancel — fill whatever you can right now, kill the rest.
The slide deck a bank uses to win a deal.
Managing Director, the top dealmaking rank at an investment bank.
A brief, deceptive price rebound inside a much bigger downtrend.
Board structure where only a slice of directors is up for election each year, making takeovers a slog.
Trading ahead of a client's order you know is about to move the price.
The collective US investment-banking and trading world.
Fill-or-kill — execute the whole order right now or cancel it instantly.
Slipping hot IPO shares to executives to win their company's banking business.
IPO option letting underwriters sell up to 15% extra shares to steady the price.
Trading a stock among yourselves to fake volume or move the price.
Trader-floor pronunciation of 'bp' / basis point.
Pooled investment fund that uses leverage, shorting, and exotic strategies to chase absolute returns.
How fast a startup is torching its cash.
Salomon bond desk's grotesque Friday food ritual.
The smallest standard price tick in FX — usually the fourth decimal place.
All-or-none order — fill the whole thing or don't fill any of it.
Defensive trick that floods the market with cheap shares to choke a hostile takeover.
The thin sliver of equity left over after a company loads up on debt.
The worst possible job posting at 1980s Salomon Brothers.
A sub-investment-grade bond paying fat yield for fat risk.
Mature content — open to view.
Sharp collective selling that tanks prices.
A typo on the trading keyboard that fires off the wrong size, price or ticker.
JPMorgan trader Bruno Iksil, whose oversized CDS book blew up for over $6bn.
A sustained run of rising prices.