bracket
Definition 1
The extent to which the underwriter of a security will participate in a new issue. The hierarchy of a bracket is as follows: bulge bracket, major bracket, minor bracket, underwriter, selling group.
Definition 2
A financial market that is not trending.
The extent to which the underwriter of a security will participate in a new issue. The hierarchy of a bracket is as follows: bulge bracket, major bracket, minor bracket, underwriter, selling group.
Definition 2
A financial market that is not trending.
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