Brokerages Terms and Definitions

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ABC agreement
abeyance
account
account balance
account executive
acknowledge
active account
active box
adjusted debit balance
advisor account
advisory account
affirmative obligations
agency
agency basis
agency incentive arrangement
agent
all or any part
all or none
allied member
alternative order
analyst
anti-reciprocal rule
any part of order
asset management
asset management account
associate broker
associate member
at best
at call
AutEx
automated customer account transfer (ACAT)
Automated Order Entry System
average equity
average ticket
back office
balance
BD form
best efforts offering
best-execution requirement
bid wanted
bid wanted in competition (BWIC)
big producer
blackboard trading
blanket recommendation
block house
Blue Sky Laws
board broker
boiler room
bond broker
book
boutique
broad tape
broker
broker association
broker booth support system (BBSS)
broker loan
broker price opinion (BPO)
broker recommendation
broker's call
broker-reseller
broker/dealer
brokerage
brokerage account
brokerage allowance
brokerage firm
brokerage house
Brokered CD
brought over the wall
bucket shop
bucketing
bulk segregation
bunching
burn and churn
buy
buy limit order
buy minus
buy minus order
buy on close
buy on opening
buy order
buy stop order
buy the book
buying on margin
cage
call money market
call money rate
Canadian Investor Protection Fund (CIPF)
cancel
cancel former order (CFO)
cancel order
Capital Builder Account
capital requirement
carrying broker
cash account
cash-secured put
central assets account
central banker
central limit order book
Central Registration Depository
Certificate of Authority
CFA exam
CFA Institute
Charles Schwab
Chinese Wall
churning
clearance
clearing
clearing broker
clearing corporation
clearing firm
clearing margin
clearing member
clearinghouse
client
closed out
code of procedure
cold calling
commercial broker
commingled fund
commingling
commission broker
commission house
commission-only compensation
comparison
compliance
compliance department
composite tape
consolidated tape
contingency order
contingent commission
contingent order
contra broker
contract broker
conversion cost
cooperating broker
Corporate Securities Limited Representative
correspondent
countermand
coverage
coverage initiated
covered write
CRD
credit balance
cross
crossed trade
crossing
crowd
custodial account
custodial fee
custodian
customer protection rule
daisy chaining
dark liquidity pools
dark pools
day loan
day order
dealer
dealer bank
dealer market
dealing board
dealing desk
deep discount broker
del credere agency
demo account
deposit broker
Designated Order Turnaround
desk trader
differential
direct access broker
direct market access
disclosure requirements
discount broker
discretionary account
discretionary order
discretionary proposition
distribution capability
Division of Enforcement
Division of Investment Management
Division of Market Regulation
DNR
Do Not Reduce
DOT
drawdown
dual trading
due diligence meeting
each way
ECN broker
either-or order
electronic blue sheet
Electronic Quotation Service
eligible list
excess margin
exchange seat
execution
exhaust price
facilitation
fail position
fail to deliver
fail to receive
fairness opinion
Federal Call
federal register
fictitious credit
fidelity bond
fill
fill or kill
financial analyst
Financial Industry Regulatory Authority
FINRA BrokerCheck
firewall
firm order
firm quotation
five against note spread (FAN)
five hundred dollar rule
five percent rule
floor broker
floor ticket
floor trader
flotation costs
folio
forex broker
Form T
forward delivery
forward premium (or discount)
forward trading
fractional discretion order
free box
free riding
freed up
front running
front-ending an order
full service broker
full trading authorization
full-service brokerage
fund supermarket
futures brokers
Futures Industry Association
general account
general loan and collateral agreement
General Mortgage Associate
General Securities Representative Examination
gilt-edged market maker
ginzy trading
give up
Glass-Steagall Act
going ahead
going away
good this month (GTM)
good this week (GTW)
Good Til Canceled
good-this-month order (GTM)
good-this-week order (GTW)
government broker
great call
gross per broker
GTC
guaranteed introducing broker
hard dollars
Hart-Scott-Rodino Act of 1976
held order
highly confident letter
hit the bid
house
house account
house call
house maintenance requirement
house of issue
house rules
hypothecation agreement
in street name
in-house
inactive account
independent broker
independent introducing broker
indirect holding system
initial margin
initiate coverage
institutional broker
institutional brokerage
insurance intermediary
insured account
internalization
interpositioning
introducing broker
investment bank
investment banker
Investment Bankers Association
investment banking
investment banking group
Investment Company Act of 1940
investment history
investment security
investor's equity
joint account
kill
killer bee
Know Your Customer
lead manager
lead underwriter
lending at a premium
lending at a rate
lessee member
limit order
limit order book
limit order information system
limit price
limit-on-close order
limited discretion
limited discretionary account
limited trading authorization
liquidate
liquidation
listing broker
LMV
loan consent agreement
local bill
Long Market Value
maintenance
maintenance call
maintenance fee

make a market
Maloney Act
managed account
margin
margin account
margin agreement
margin buying
margin call
Margin Department
margin level
margin loan
margin rate
margin requirement
margin security
mark-to-market
market if touched order
market letter
market maker
market maker spread
market not held order
market on close order
market on open order
market order
market out clause
Market Performance Committee (MPC)
markup
matched and lost
matched book
May Day
member corporation
member firm
member's rate
memorandum account
merchant bank
mezzanine bracket
minimum maintenance
missing the market
money management
money market account
monthly statement
Multiple Listing Service
NASD
NASD Dispute Resolution, Inc.
NASD Regulation
Nasdaq
NASDR
National Association of Mortgage Brokers (NAMB)
National Association of Securities Dealers
National Association of Securities Dealers Automated Quotations system
National Introducing Brokers Association (NIBA)
National Securities Clearing Corporation
National Securities Trade Association
negative obligation
negotiated commission
net capital ratio
net capital requirement
new account report
New York Stock Exchange
niche player
no limit order
no quote
nominal quotation
nominee
nominee account
nonmember firm
NSCC
NSTA
NYSE
odd-lot dealer
off-floor order
offer wanted
Office of Compliance Inspections and Examinations (OCIE)
on margin
on the close order
on-floor order
online broker
open order
Opening Automated Reporting System (OARS)
option account
or better
order
order flow
order room
order ticket
original margin
originator
outside broker
Over-the-Counter
pairing off
partial delivery
participate but do not initiate
participatory note
pass the book
passbook
passive market-making
payment for order flow
pc
percentage order
performance drag
performance fee
piggybacking
Pink Sheets
position
pot is clean
price improvement
Primary Dealer
prime broker
prime brokerage
principal trade
private placement
PSA
public limited partnership
Public Securities Association
purchase
purpose loan
Qualified Institutional Buyer (QIB)
qualified institutional investor
Qualified Special Representative Agreement (QSR)
quote ticker
rainmaker
reading the tape
real-time gross settlement system
real-time trade reporting
reallowance
receive against payment
receive versus payment
recommendation
registered competitive market maker
registered equity market maker
Registered Representative
registrar
Regulation D
Regulation G
Regulation T
Regulation U
rehypothecation
remargining
research department
research note
restricted account
retail broker
retail brokerage
retail house
Reuter dealing
reverse conversion
rights offering
risk category
road show
rogue trader
round of funding
round trip commission
Rule 10b-6
Rule 144
Rule 15c3-1
Rule 19c3
Rule 405
Rule 415
Rules of Fair Practice
running ahead
same-day substitution
scienter
Scottrade
SEC
SEC fee
secondary distribution
secondary offering
securities analyst
Securities and Exchange Commission
Securities Enforcement Remedies and Penny Stock Reform Act of 1990
Securities Industry Association
Securities Industry Automation Corporation (SIAC)
Securities Investor Protection Act of 1970
Securities Investor Protection Corporation
securities loan
securities market
segregated account
segregation of securities
selected dealer agreement
selective disclosure
sell
sell limit order
sell order
sell out
sell plus
sell the book
sell-side analyst
selling away
selling concession
selling group
separately managed account
Series 39
Series 6
Series 63
Series 7
settlement
settlement agent
share broker
shelf offering
shelf registration
SIA
significant order
SIPC
Small Order Execution System
SOES
soft commission arrangement
soft dollars
special arbitrage account
special bid
special bond account
specialist
specialist block purchase and sale
specialist unit
specialist's book
spectail
spinning
split commission
split order
spread order
squawk box
stabilization
stake
standing
step-out trading
stock ahead
stock jockey
stock loan
stockbroker
stop order
stop price
stop-limit order
stop-loss
stopped stock
street broker
street name
subject
Suitability Rules
sweep account
sweep-to-fill order
syndicate
syndicate bid
syndicate manager
syndicate member
tailgating
take a position
ticket
time order
tombstone
tout
trader
trading authorization
trading post
trailing stop loss
transfer
transmittal letter
twisting
two dollar broker
two-sided market
two-way market
underbanked
underbooked
undermargined account
underwrite
underwriter
underwriter's warrants
underwriting
underwriting agreement
underwriting group
underwriting spread
Uniform Securities Act
Uniform Securities Agent State Law Examination
unlisted
unlisted trading
usable margin
used margin
value broker
variation margin
Wall Street analyst
wash trade
watch list
wealth management
white shoe firm
Williams Act
wire house broker
wire room
wrap account
wrap fee
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