Glossary

An exchange phenomenon where the volume of trade transactions are so excessive that it out paces the rate at which price quotes are being updated.

A U.S. government agency that establishes standards for construction and provides mortgage insurance to private lenders and banks.

A Board of Governors for the Federal Reserve System in Washington D.C. appointed by the President that establishes monetary policy and monitors the economy.

The United State’s monetary regulation authority consisting of 12 Federal Reserve Banks which serve member commercial banks in their respective jurisdictions. This system regulates the supply of credit and currency.

A numerical pattern in a series where beginning with 0 and 1, the sequence of subsequent numbers are derived from the sum of the previous two.

Point at which an order is fully executed.

A stock transaction order instructing that a stock be bought or sold immediately in its entirety otherwise the entire order is automatically cancelled.

An independent self-regulatory agency that assists the Securities and Exchange Commission in regulating securities firms conducting business in the United States.

A contract that obligates an insurance company to make a series of payments to the customer for the duration of the contract. It’s a popular strategy for retirees to achieve a steady income.

A neutral position for a security that is neither short or long.