Definition of Program trading

Found in thesaurus: trading

Wikipedia English - The Free Encyclopedia
Program trading
Program trading is casually defined as the use of computers in stock markets to engage in arbitrage and portfolio insurance strategies. However, the New York Stock Exchange defines the term as "a wide range of portfolio trading strategies involving the purchase or sale of 15 or more stocks having a total market value of $1 million or more" without any direct reference to the use of computers. The word "program" can be interpreted in its earlier, more general meaning of a defined and pre-arranged sequence of steps, rather than specifically a computer program. Some program trading strategies are subject to regulatory restrictions. For instance, NYSE Rule 80A requires index arbitrage trades to be marked when submitted.

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WordNet 2.0
program trading

Noun
1. a trading technique involving large blocks of stock with trades triggered by computer programs
(hypernym) trading

Global Glossary (EN-US~PT-BR)
program trading
[administração] comércio programado

MB_Dictionary For Accountants_English_to_Persian
Program Trading
  داد و ستد براساس برنامه
  

Campbell R. Harvey's Hypertextual Finance Glossary
Program trading
Trades based on signals from computer programs, usually entered directly from the trader's computer to the market's computer system and executed automatically. Applies to derivative products. This process of electronic execution of trading of a basket of stocks simultaneously, for index arbitrageportfolio restructuring, or outright buy/sell interests. See super dot .

Accounting English-Persian
program trading
داد و ستد براساس برنامه

The 'Lectric Law Library
Program Trading
Computer-based trigger points are established in which large volume trades are indicated. The technique is used by institutional investors.

KS Lexique boursier et financier
PROGRAM TRADING
Programmes informatiques permettant la réalisation d'arbitrages automatiques entre le marché au comptant et le marché à terme.

Commodity Futures Trading Commission Glossary
Program Trading
The purchase (or sale) of a large number of stocks contained in or comprising a portfolio. Originally called program trading when index funds and other institutional investors began to embark on large-scale buying or selling campaigns or "programs" to invest in a manner that replicates a target stock index, the term now also commonly includes computer-aided stock market buying or selling programs, and index arbitrage.
  

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