Fixing is the practice of fixing the price of a product instead of letting it be determined by the forces of the free market.#
Fixing is illegal if it involves collusion between two or more producers of a product or service to maintain artificially high prices or artificially low prices that they pay their suppliers.
According to the FTC, illegal price fixing is a written, verbal, or implied agreement between competitors that “raises, lowers, or stabilizes prices or competitive conditions.”
Tick size - the minimum change in the price increment of a trading instrument.
– Tick sizes used to be in fractions (e.g. 1/16th of $1), but today they are mostly decimal based and expressed in cents.
Preliminary analysis in financial markets refers to the forecasting of various indicators, economic and financial, by evaluating past and present data and parameters.
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.
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.
The bid-ask spread is the difference between the highest price a buyer is willing to pay for an asset and the lowest price a seller is willing to accept.