Program trading

Definition:

Trades based on signals from computer programs, usually entered directly from the trader's computer in to the market's computer system and executed automatically. Applies to derivative products. A process of electronic execution of trading of a basket of stocks simultaneously, for index arbitrage, portfolio restructuring, or outright buy/sell interests. See: super dot.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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FLEX Options

Exchange traded equity or index options, where the investor can specify within certain limits the terms of the options, such as exercise price Expiration date, exercise type, and settlement... Read More

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