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Wirehouse is a full-service broker-dealer of any size. The term “telephone service” recalls the period when the offices of brokers and dealers were connected by private telephone or telegraph lines, so that all branches had immediate access to the same market information as each other. Although virtually every financial institution has gone beyond these “wires” in everyday practice, this term remains the one used to describe these institutions today. Automated Clearing House (ACH)
September 25, 2022 The Automated Clearing House (ACH) is an electronic funds transfer system that facilitates payments in the US. Back Office
September 25, 2022 The back office is the part of the company that consists of administrative and support staff who do not work with clients. Broker-Dealer
September 25, 2022 A broker-dealer is a financial institution that trades securities on behalf of clients, but which may also trade for itself. Brokerage Account
September 25, 2022 Investors have different needs and should choose their brokerage firms accordingly. Custodial Account
September 25, 2022 A deposit account is a savings account created and managed by an adult for a minor. House Maintenance Requirement
September 25, 2022 House maintenance requirements are the standards for the minimum margin account level chosen by brokerage firms. Investment Bank (IB)
September 25, 2022 Investment banks specialize in managing complex financial transactions such as IPOs and mergers for corporate clients. Japan Association of Securities Dealers Automated Quotation
September 25, 2022 Jasdaq is a Japanese stock exchange focused on emerging companies. It is one of several subsidiaries of the Japan Exchange Group. Jitney
September 25, 2022 The term jitney has two meanings, depending on the context. Margin Account
September 25, 2022 A margin account allows a trader to borrow funds from a broker without having to deposit the entire value of the trade. Prime Brokerage
September 25, 2022 Prime brokerage refers to a set of services that investment banks and other large financial institutions offer to hedge funds and similar clients. Stockbroker
September 25, 2022 A stockbroker is a financial professional who buys and sells shares at the behest of clients. Transfer Agent
September 25, 2022 The transfer agent plays a vital role as a link between the company registrar and the investor. Alternative Trading System (ATS)
September 25, 2022 Alternative trading systems (ATS) are platforms for coordinating large purchase and sale transactions. Application Programming Interface (API)
September 25, 2022 The Application Programming Interface (API) establishes an online connection between the data provider and the end user. Arbitrageur
September 25, 2022 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. Automated Customer Account Transfer Service (ACATS)
September 25, 2022 Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products. Axe
September 25, 2022 Ax (or “chopping axe”) refers to the desired position that the trader wants to take. Backtesting
September 25, 2022 Backtesting evaluates the viability of a trading strategy or pricing model by discovering how it would perform retrospectively using historical data. Beneficial Owner
September 25, 2022 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. Break Even Point
September 25, 2022 In accounting, the break-even point is calculated by dividing the fixed costs of production by the unit price minus the variable costs of production. Break-Even Price
September 25, 2022 The break-even price describes the change in value that only corresponds to covering the initial investment or cost. Brokerage Company
September 25, 2022 A brokerage company primarily acts as an intermediary, connecting buyers and sellers to facilitate a transaction. Brokerage Fee
September 25, 2022 A broker or agent charges a commission for executing trades or providing specialized services. Buying Power
September 25, 2022 Purchasing power is the money an investor has to buy securities.