SROP
Senior Registered Options Principal (SROP) is a general partner or an officer of an options trading firm. The purpose of a SROP is for the supervision of the client accounts’ options exposure and trading activity. SROPs are required to have accomplished the Series 4 exam. However, in June 2008, FINRA got rid of the requirement of SROPs in firms along with the requirement for the possession of Compliance Registered Options Principal (CROP). CROP oversees the regulatory compliance of the firm’s options and is sometimes a position filled by the SROP.
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Short Leg
Short Leg is a contract where an individual holds a short position. The contract is in the option spread created by the trader by purchasing a put ...
Borrowing Base
Money a lender will loan to a company. The borrowing base is usually determined by a method called margining, where the lender determines a discoun ...
Swaziland Lilangeni
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Deposit/Withdrawal At Custodian - DWAC
A method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghou ...
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