GIUSEPPE MORCHIO
Italian executive who became the Chief Executive Officer of automaker Fiat in February 2003 and left the position in May 2004 due to dissatisfaction with Ferrari CEO Luca di Montezemolo being appointed Fiat chairman, a post he wanted for himself. Before working in Fiat, the company was extremely unprofitable and faced a €4.3 billion loss in 2002. The firm was also deeply in debt. During his tenure, he turned the company around, sold some of its assets including Fidis and Toro Assicurazioni, part of his tactic to regenerate firm’s profitability and refocus on autos. Prior to Fiat, he used to work at Pirelli for several years.
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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 ...
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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
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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