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Securities brokerage
Industry: Financial services
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Securities brokerage
Short selling
Financial services; Securities brokerage
An advanced trading strategy involving selling stock which the holder does not actually own, in the hope that the stock will go down in price, when they will buy the stock back.
Buy to cover
Financial services; Securities brokerage
A buy order related to short selling. When one sells stocks one has borrowed, this is an order to purchase an equal amount of shares which "covers" the sale.
NASD
Financial services; Securities brokerage
National Association of Securities Dealers. An organisation which regulates the Nasdaq and over-the-counter markets, and administers exams for investment professionals.
Series 7
Financial services; Securities brokerage
An exam to be taken by stockbrokers, having passed which are licenced to sell securities, with the exemption of commodities and futures.
Series 63
Financial services; Securities brokerage
The next exam to be taken by stockbrokers following the Series 7 exam. Having passed the exam, the holder is permitted to solicit orders for any type of security.
back office
Financial services; Securities brokerage
In investment firms, the back office includes the administrative functions that support the trading of securities, including record keeping, trade confirmation, trade settlement, and regulatory ...
