Market order

Market order – An order to buy or sell a stated amount of a security at the most advantageous price obtainable after the order is represented in the trading crowd.

New York Futures Exchange ( NYFE ) – A subsidiary of theNew York Stock Exchange devoted to the trading of futures products.

New York Stock Exchange ( NYSE ) – The largest organized securities market in the United States, founded in 1792. The Exchange itself does not buy, sell, own or set the prices of securities traded there. The prices are determined by public supply and demand. The Exchange is a non-profit corporation of 1,366 individual members, governed by a board of directors consisting of 10 public representatives, 10 Exchange members or allied members and a full-time chairman, executive vice chairman and president.

Margin call

Margin call – A demand upon a customer to put up money or securities with the broker. The call is made when a purchase is made; also if a customer's account declines below a minimum standard set by the exchange or by the firm.

Noncumulative

Noncumulative – A type of preferred stock on which unpaid dividends do not accrue. Omitted dividends are, as a rule, gone forever.

Margin – The amount paid by the customer when using a broker's credit to buy or sell a security. Under Federal Reserve regulations, the initial margin requirement since 1945 has ranged from the current rateof 50% of the purchase priceup to 100%

Sherlyl Sandberg Facebook COO Sells $7.44 Million in Stock

Sheryl Sandberg sold $7.44 million in shares as the company frees up more stock for trading following its initial publicoffering in May. Sandberg sold 339,512 shares at about $21.10 apiece on Oct. 31, the first trading day after the latestround of lock-up restrictions ended, a regulatory filing showed yesterday. She also sold 13,392 shares at $20.79 apiece, according to the document. The operator of the world’s largest social-networking service unlocked 229 million shares for trading this pastweek, the second of five insider-sale restrictions scheduled during Facebook’s first year as a public company. Current and former employees have seen the value of their equity compensation decline as the stock fell 44percent from the IPO price of $38. Shares in Facebook, basedin Menlo Park , California, were little changed yesterday at $21.18. Two lockups will expire for an additional 960 million shares by the end of the year, followed by one for 47.3 million in May 2013. Sandberg’s share sales were part of a trading plan adopted in July. Shehas about 20 million available shares for trading, part of her total holdings, Facebook said yesterday. Theodore Ullyot, general counsel, also sold 149,075shares, raising $3.13 million.

Unemployment rises to 7.9 percent; 171K jobs added

The U.S. economy added 171,000 new jobs in October and the unemployment rate inched up to 7.9 percent from last month's reading of 7.8 percent; August and September job creation totalswere revised higher by a total of 84,000, putting average monthly job creationthis year at 157,000, slightly ahead of the 2011 pace of 153,000. Despite the uptick in the jobless rate, economists said the latest data show that the labor market is improving. The number of employed adults relative to the broaderpopulation, a key measure ofthe job market's health, rose to 58.8 percent, its highestevel since August of 2009. The number of people seeking full-time positions who are forced to work part-time also fell by 269,000 jobs. In another sign of progress, more people are voluntarily quitting their jobs, suggesting that they have more confidence about their chances of finding a better job. "The October payroll survey showed a brighter picture of the labor market, both in faster headline job creation and in upward revisions to previous months," said NigelGault, chief U.S. economist for IHS Global Insight, in a statement. "There was good news in both construction and retail employment,

enu DBS Profit Rises 12%, Tops Estimates on Interest, Fee Income

DBS Group Holdings Ltd. (DBS) , Southeast Asia ’s largest bank, said third-quarter profit rose 12 percent, beating estimates as interest and fee income climbed. Net income advanced to S$856 million ($701 million) from S$762 million a year earlier, the company said in a stock exchange statement today. That exceeded the S$801 million average of eight analysts’ estimates compiled by Bloomberg. DBS boosted lending andmade smaller provisions for bad loans even as Singapore’s economy slowed. Chief Executive Officer Piyush Gupta is seeking to expand in faster-growing markets, which may help the bank weather waning demand from corporate borrowers and pressure on loan profitability as competitionfor deposits intensifies in the city-state. “The net profit number is ahead of expectations, butthe underlying drivers are probably not as exciting,” said Matthew Smith , an analyst at Macquarie Capital Securities Singapore Pte. The gain “appears to be all coming from credit costs, which are very low,”said Smith, who rates DBS shares neutral

Peru's central bank tightens reserve requirements for fourth time this year

LIMA, Oct 30 (Reuters) - Peru's central bank tightened reserve requirements on Tuesday to control high liquidity and a rapid credit expansion as low interest rates abroad have encouraged investments in Peru's emerging economy. The new rules, which go into effect November 1, raise reserve requirementson foreign and local currencies 0.75 percentage points, slightlymore than the 0.50 increase the bank put in place three times this year. "This measure seeks to preventatively act to moderate the rate of credit expansion at a time of high liquidity abroad and exceptionally low interest rates in international markets," thebank said in a statement. The local sol currency has been trading around its highest level in more than15 years as the central bank has been intervening in the local currency spot market daily to control its gains against the dollar. The monetary authority has held its benchmark interest rate at 4.25 percent for the past 17 months

Royal Bank of Scotland to Pay Fine to Settle Libor Investigations

Royal Bank of Scotland Group Plc , Britain’s biggest taxpayer-owned lender, said it expects to pay a fine in the coming months to settle regulators’ probes into allegations the lender tried to manipulate Libor. Whether the penalty exceeds the record 290 million pounds ($467 million) Barclays Plc paid in June or not “it will still be a miserable day in RBS’s history,” Chief Executive Officer Stephen Hester told reporters on a call today as the bank posted third-quarter operating profit that beat analyst estimates. “I’d be disappointed if we were talking to you at our full-year results in February without having had more news.” RBS is one of more than a dozen banks worldwide facing regulatory probes into allegations that they manipulated the London interbank offered rate, thebenchmark for more than$300 trillion of securities. The Edinburgh-based lender has fired at least four traders following an internal probe, and last month suspended its head of rates trading for Europe and the Asia- Pacific region, the first senior manager to be put on leave. Libor is the biggest regulatory obstacle to overshadow Hester’s attempts to overhaul the company after it received the biggest banking bailout in history in 2008. RBS said today it would set aside a further 400 million pounds to compensate clients wrongly sold loan insurance and derivatives,bringing the total the bank has earmarked to 1.7billion pounds.