MICHAEL MILKEN
An executive at Drexel Burnham Lambert Inc., an investment bank. During his stay in the bank, he founded high-yield debt market or junk bonds for corporate financing, and mergers and acquisitions. This results to an enormous popularity but in 1989, he was charged for 98 counts of racketeering and fraud by a federal grand jury. He spend almost two years in prison after pleading guilty to these charges. Also called "Junk Bond King", he was banned from the securities industry for life.
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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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