Banking and finance News,stock watch, economic report and investment tips and avenues.
Monday, 3 December 2012
Freeze
An interruption in trading on a stock, triggered when an order violates parametersset by TSX.
Frequency
Frequency refers to the given time period on an intraday, daily, weekly, monthly, quarterly or yearlyperspective. Typically, choosing a weekly or monthly perspective when looking at several years of data makes it easier to identify long-term trends. Daily charts are useful for active traders and short-term time period charts.
The "Daily", "1-Minute","5-Minute", "15-Minute" and "Hourly" frequency areused for intraday charts andthe remaining choices are applicable to end-of-day charts. This term refers to a TSX Group Historical Performance charting feature.
The "Daily", "1-Minute","5-Minute", "15-Minute" and "Hourly" frequency areused for intraday charts andthe remaining choices are applicable to end-of-day charts. This term refers to a TSX Group Historical Performance charting feature.
Front Month
The closest month to expiration for a futures or option contract.
Futures
Contracts to buy or sell securities at a future date.
Sunday, 2 December 2012
Edward Glenn Hadden is under investigation by regulators at CME Group
(Reuters) - Morgan Stanley trader Edward Glenn Hadden is under investigation by regulators at CME Group over trades in Treasury futures four years ago while he was employedby Goldman Sachs , according to a regulatory filing.
Hadden is a managing director and head of global interest rates products at Morgan Stanley. Prior to joining Morgan Stanley, Hadden was a partner at Goldman Sachs, and head of government bond trading.
Regulators at CME Group, which runs commodity and futures exchanges, initiated a probe against Hadden over Treasury futures ordersplaced on the expiration date in December 2008, according to a "broker check" report published by the Financial Industry Regulatory Authority (FINRA).
The New York Times first broke news of the investigation.
Citing people briefed on thematter, the newspaper said the probe aimed to establishwhether Hadden's late trades had manipulated closing prices and, in turn, made other of his trades more profitable. (http://link.reuters.com/peh44t)
A Morgan Stanley spokesman confirmed to Reuters that Hadden is still employed with the bank but did not provide further information.
Hadden is a managing director and head of global interest rates products at Morgan Stanley. Prior to joining Morgan Stanley, Hadden was a partner at Goldman Sachs, and head of government bond trading.
Regulators at CME Group, which runs commodity and futures exchanges, initiated a probe against Hadden over Treasury futures ordersplaced on the expiration date in December 2008, according to a "broker check" report published by the Financial Industry Regulatory Authority (FINRA).
The New York Times first broke news of the investigation.
Citing people briefed on thematter, the newspaper said the probe aimed to establishwhether Hadden's late trades had manipulated closing prices and, in turn, made other of his trades more profitable. (http://link.reuters.com/peh44t)
A Morgan Stanley spokesman confirmed to Reuters that Hadden is still employed with the bank but did not provide further information.
Ex Right
The holder of shares purchased ex dividend is not entitled to an upcomingalready-declared dividend,but is entitled to future dividends.
Ex Dividend
The holder of shares purchased ex dividend is not entitled to an upcomingalready-declared dividend,but is entitled to future dividends.
Escrowed Securities
The outstanding securities ofan issuer that are not freely tradable, because they are subject to an escrow agreement that restricts the ability of certain security holders of that issuer from trading or otherwise dealingin those securities until certain conditions are satisfied.
Equity Value
An option contract that grants the holder the right to buy or sell a specific number of shares of stock at a specified price during a specific period of time.
Equity Option
An option contract that grants the holder the right to buy or sell a specific number of shares of stock at a specified price during a specific period of time.
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