program trading

Английский Язык - Английский Язык

Определение program trading в Английский Язык Английский Язык словарь: a trading technique involving large blocks of stock with trades triggered by computer programs; Stock trades involving the purchase or sale of a basket including 15 or more socks with a total market value of $1 million or more Most program trades are executed on the New York Stock Exchange, using computerized trading systems Index arbitrage is the most prominently reported type of program trading; Computer buying (buy program) or selling (sell program) of baskets of 15 or more stocks by index arbitrageurs, specialists, or institutional traders; Large-scale, computer-assisted trading of stocks or other securities according to systems in which decisions to buy and sell are triggered automatically by fluctuations in price.program trader n; a kind of arbitrage between stock markets and stock index futures or options markets A computer is programmed to detect price discrepancies between two markets and to initiate trades when discrepancies are found; A complex computerized system designed to take advantage of temporary differences between the actual value of the stocks composing a popular index and the value represented by futures contracts on those stocks To simplify, if the stocks' prices are higher than the futures contracts reflect, computer programs issue orders to sell stocks and buy futures contracts If the stocks are lower than the futures contracts reflect, program traders buy stocks and sell the futures The result is virtually risk-free profits for the program traders and more volatility for the market because of the vast numbers of shares needed to make the system work; Computerized trading used primarily by institutional investors, typically for large volume trades, where orders from the trader's computer are entered directly into the market's computer system and executed automatically; Trades based on technical signs Often done by computer programs and entered directly from the trader's computer to the market's computer system and executed automatically; Computer-assisted monitoring of relative prices of financial assets; it some-times includes computer submission of buy and sell orders to exploit perceived arbitrage opportunities; Stock trades involving the purchase or sale of a basket including 15 or more stocks with a total market value of $1 million or more Most program trades are executed on the New York Stock Exchange, using computerized trading systems Index arbitrage is the most prominently reported type of program trading BACK TO TOP; Use of a computer-driven program by arbitrageurs and institutional traders for buying and selling baskets of 15 or more stocks The program monitors various markets and securities and gives buy and sell signals when opportunities for profits arise or when market conditions warrant the accumulation or liquidation of a position; Computer-driven buying (buy program) or selling (sell program) of baskets of 15 or more stocks by index arbitrage specialists or institutional traders "Program" refers to computer programs that constantly monitor stock, futures, and options markets, giving buy and sell signals when opportunities for arbitrage profits occur or when market conditions warrant portfolio accumulation/liquidation transactions Program trading has been blamed for excessive volatility in the markets, especially on Black Monday in 1987; The purchase (or sale) of a large number of stocks contained in or comprising a portfolio Originally called "program" trading when index funds and other institutional investors began to embark on large-scale buying or selling campaigns or "programs" to invest in a manner which replicated a target stock index, the term now also commonly includes computer aided stock market buying or selling programs, portfolio insurance, and index arbitrage; A sophisticated computerized trading strategy whereby a portfolio manager attempts to earn a profit from the price spreads between a portfolio of equities similar or identical to those underlying a designated stock index, e g the Standard & Poor's 500 Index, and the price at which futures contracts (or their options) on the index trade in financial futures markets; The purchase or sale of stocks by computerized trading programs that can be launched without human supervision or control; Computerized trading strategy involving buying or selling 15 or more stocks having a total market value of $1 million or more The program can monitor different markets and securities and issue buy and sell signals when index arbitrage or other trading opportunities are detected NYSE collects program trading statistics daily; Computer driven purchase and sale of a basket of securities Typical employed in ARBITRAGE opportunities arising from short term mis-pricing of securities on different exchanges An example is SELLING SHORT stock index FUTURES CONTRACTS on the Chicago Mercantile Exchange and the simultaneous acquisition of a basket of securities simulating the S&P 500 index on the floor of the NEW YORK STOCK EXCHANGE; Simultaneously executing a group of stock transactions, usually by automated buy and sell orders, rather than buying/selling one lot of stocks at a time