A large trader is an investor or entity whose trades equal or exceed volume and market value thresholds set by the Securities and Exchange Commission (SEC).
Large traders, as a rule, are professional market participants and institutional investors who have the ability to buy and sell large blocks of securities.
Mutual funds, pension funds, hedge funds, banks and insurance companies often fall into the category of large traders.
The SEC identifies large traders as all traders whose National Market Securities (NMS) transactions equal or exceed two million shares or $20 million in any calendar day or 20 million shares or $200 million in any calendar month .
The SEC monitors the activities of large traders to analyze the impact of their activities on the markets, identify activity that violates securities laws, and protect investors from manipulative market practices.
Arbitrageurs are investors who exploit market inefficiencies of any kind. They are necessary to ensure that inefficiencies between markets are smoothed out or kept to a minimum.
A beneficial owner is a person who enjoys the benefits of ownership, despite the fact that the ownership of the property is registered in a different name.
A central counterparty clearing house (CCP) is an organization, usually run by a large bank, that exists in European countries to facilitate the trading of derivatives and equities.
Delivered from ship (DES) was an Incoterm (an international commercial term) that applied to both inland and ocean shipping, and often to charter shipping.
Preliminary analysis in financial markets refers to the forecasting of various indicators, economic and financial, by evaluating past and present data and parameters.
Financial Information Exchange (FIX) is an information and data protocol used to distribute price and trade information to investment banks and broker-dealers.
A good delivery is understood as an unhindered transfer of ownership of a security from the seller to the buyer in compliance with all necessary requirements.
“Holding the market” refers to an illegal trading practice that attempts to support the price of a security after negative news has been published that would otherwise cause its price to fall.