130/30 MUTUAL FUND
Mutual fund with long and short positions in its portfolio. The fund is long 100\% of its assets, and short 30\% of the value portfolio, using the cash from the short sale to go long in additional assets. Overall, the fund is 130\% long and 30\% short, hence 130/30.
POPULAR TERMS
Trade or Fade Rule
Options exchange rule introduced to eliminate trade troughs. The rule requires the market maker to match a better deal seen on another market or tr ...
A-B Split
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Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
Kicker Pattern
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UFMI
Up-Front Mortgage Insurance (UFMI) is an insurance premium. It is usually collected at the time of the conception of the loan on Federal Housing Ad ...
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