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A computer-based trading system that uses a set of programmable rules to places orders to buy or sell investments based on market behavior. Institutions use program trading to manage the large volume of assets they manage. Less complex program ...

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A fraudulent practice in which a company inflates its sales revenues by enticing wholesalers and/or retailers to order more product than they realistically expect ...
A situation in which a market maker fills an order at a better price than the National Best Bid and Offer (NBBO). For a buy order, price improvement would mean ...
A bond rating assigned to an investment grade debt instrument. An A rating reflects an opinion that that the issuer has the current capacity to meet its ...
A Financial Statement or an estimate of earnings that is based on an assumption of future events. [From the Latin pro forma, which translates literally as ...
The audited annual financial report that publicly traded companies are required to file with the Securities and Exchange Commission (SEC) within 90 days of the ...