Memorandum of Understanding - MOU
A memorandum of understanding is a legal document outlining the terms and details of an agreement between parties....
Punitive Damages
Punitive damages are legal recompense that is levied as punishment for a wrong or offense committed by the payor....
Sub-Pennying
Sub-pennying is a practice where brokers, dealers or high-frequency traders jump to the front of the line in the National Best Bid and Offer....
Square Position
Square position is a situation where the market risk has been minimized or eliminated....
Quantocracy’s Daily Wrap for 04/06/2018
This is a summary of links featured on Quantocracy on Friday, 04/06/2018. To see our most recent links, visit the Quant Mashup. Read on readers!
A Strategy For Each Day of the Week. Seriously? [Bu...
Sukuk
A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Sharia, Islamic religious law....
Qualified Institutional Buyer - QIB
A qualified institutional buyer (QIB) is one that owns and invests, on a discretionary basis, at least $100 million in securities....
Industrialization
Industrialization is the process in which a society transforms itself from a primarily agricultural society into the manufacturing of goods and services....
Registered Investment Advisor - RIA
A Registered Investment Advisor is an advisor engaged in the investment advisory business and registered with the SEC or state securities authorities....