BP OIL SPILL
Oil spill which occurred in the Gulf of Mexico in 2010 due to explosion and sinking of the Deepwater Horizon oil rig. Offshore drilling contractor Transocean owned the rig and leased it to BP for exploring the Macondo Prospect, an oil field in the coast of Louisiana. BP failed to halt the flow of oil for many months because of extensive damage to the wellhead and the extent of damage. More than 200 million gallons were the estimated total volume of oil released. The United States obliged the company to pay for cleanup and economic impact expenses.
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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
This is a method commonly used to test if the marketing media or methods used are effective. When using A-B Split method in marketing, there will b ...
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
A two-bar candlestick pattern that signifies change in the direction of the market trend for the price of an asset. The pattern is composed of two ...
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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