Program Trading definition

Program Trading means either (A) index arbitrage or (B) any trading strategy involving the related purchase or sale of a "basket" or group of 15 or more stocks. Program trading includes the purchases or sales of stocks that are part of a coordinated trading strategy, even if the purchases or sales are neither entered nor executed contemporaneously, nor part of a trading strategy involving options or futures contracts on an index stock group, or options on any such futures contracts, or otherwise relating to a stock market index.
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Program Trading means the use of MTS Real-Time Data for the production of models and pre-trade analysis, assessment of trading signals, trade selection and use in electronic trading systems for the purpose of generating orders or executing transactions in an automated or semi-automated manner (with or without a display of MTS Real-Time Data or calculation output) including, but not limited to, algorithmic trading, program trading or automated monitoring of trading activities. It should not be possible to reverse engineer MTS Real-Time Data from the calculation output, nor should the calculation output be intended to replace usage of MTS Real-Time Data. The End Customer must ensure that users do not have the option or facility to reverse engineer MTS Real-Time Data. Distribution of calculation output and Derived Data internally, within the licensed Site (as specified in the Agreement) is permitted. Distribution of calculation output outside the licensed Site of an End Customer or of its Subsidiaries requires each Site to be licensed in a direct agreement with the Licensor. Any Accesses to MTS Real-Time Data for Display purposes should be declared to the supplying Vendor via the End Customers existing reporting procedures in accordance with the Subscription Agreement. Vendors shall provide the Licensor with the name, address and a contact for each End Customer using MTS Real-Time Data. The Licensor shall send to each End Customer a Non- Display Usage Declaration to be filled in and returned to the Licensor. End Customers making a Non-Display Usage of MTS Real-Time Data shall be licensed and billed directly by the Licensor for the Non-Display Usage. Derived DataCommercialisation or distribution of Derived Data or calculation output of any kind, via any medium, requires the prior written approval of the Licensor.
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Program Trading means systems for the automatic generation and input of orders on the basis of predetermined parameters related to the performance of markets;
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Examples of Program Trading in a sentence

  • Mr. Marchal was also Deutsche Bank Securities’ Managing Director, and was in charge of Sales Trading, Agency Execution, Program Trading, Listed Futures, and Options and Connectivity Sales.

  • Clients who interact with CGMI via Program Trading and/or High Touch will be enabled at Citi’s discretion based on factors including, but not limited to, overall client relationship and technology capabilities -- clients may request opt-out by contacting a Citi sales representative.

  • The Equity Sales Department is divided into the Global Equity Sales Desk (for advising and consulting institutional investors on the purchase and sale of global equities); the Program Trading Desk (for marketing portfolio products); and the Global Sales Trading Desk (to serve as an interface when advising on customer order placements, order taking and order forwarding to the other Citigroup Trading Desks).

  • Tick Size Pilot Program Trading and Quoting FAQs, available at: http://www.nasdaqtrader.com/content/MarketRegulation/TickSize/TickSizePilotT radingandQuotingFAQs.pdf.FAQ #170 states that The OTC Trading Center may rely on the Block Size exception irrespective of whether it routes an ISO, as required by Regulation NMS Rule 611, to execute against the full displayed size of any Protected Quotation with a price superior to the price at which the Block Size order was executed.

  • The Commission willSECURITIES AND EXCHANGE COMMISSION[Release No. 34–54055; File No. SR–NYSE– 2006–32]Self-Regulatory Organizations; New York Stock Exchange LLC; Order Approving Proposed Rule Change Relating to the NYSE Retail Trading Product and the NYSE Program Trading ProductJune 28, 2006.

  • Currently, SCCP charges remote specialist units a fee of $0.30 per round- lot trade side and $0.10 per odd- lot trade side for all of the remote specialist unit’s trades, including any Program Trading Sides.

  • Press Release, NYSE, Program Trading Averaged 48.6 Percent of NYSE Volume during June 22-26 (July 7, 2009), http://www.nyse.com/press/1246962735805.html (reporting that in June of 2009, Program Trading accounted for over 48% of all volume on the NYSE in one business week).

  • The Exchange proposes to discontinue the NYSE Retail Trading Product (‘‘NYSE ReTrac’’) and the NYSE Program Trading Product (‘‘NYSE ProTrac’’) market data product offerings.

  • The NYSE Program Trading Product consists of: (A) A real-time data feed of certain execution report information that has been recorded as program trades; 6 and (B) an end-of-day summary of program trading activity on the Exchange for that day, including total index arbitrage program trading volume.

  • The Regulation of Program Trading, 8 Computer L.J. 479 (1988) https://repository.law.uic.edu/jitpl/vol8/iss4/5 This Comments is brought to you for free and open access by UIC Law Open Access Repository.


More Definitions of Program Trading

Program Trading means the use of Data for the production of models and pre-trade analysis, assessment of trading signals, trade selection and use in electronic trading systems for the purpose of generating orders or executing transactions in an automated or semi-automated manner (with or without a display of Data or calculation output) including, but not limited to, algorithmic trading, program trading or automated monitoring of trading activities.
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Program Trading means computer program which allows orders to be created and recorded automatically;
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Program Trading means the use of Real Time Information for the production of models and pre-trade analysis, assessment of trading signals, trade selection and use in electronic trading systems for the purpose of generating orders or executing transactions in an automated or semi-automated manner (with or without a display of Real Time Information or calculation output) including, but not limited to, algorithmic trading, program trading or automated monitoring of trading activities. It should not be possible to reverse engineer Real Time Information from the calculation output, nor should the calculation output be intended to replace usage of Real Time Information. The Licensee must ensure that users do not have the option or facility to reverse engineer Real Time Information. Distribution of calculation output and Value Added Data internally, within the licensed Site (as specified in the Order Form) is permitted. Distribution of calculation output outside the licensed Site of a Licensee requires each Site to be licensed in a direct subscription with the Licensor. Any Accesses for Real Time Information for Display purposes should be declared to the supplying Vendor via the Licensee existing reporting procedures. Value Added DataCommercialisation or distribution of Value Added Data or calculation output of any kind, via any medium, requires the prior written approval of the Licensor.
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Program Trading means the transaction method under which trading signals or Instructions are executed automatically by computer based on predetermined trading models with functions of market condition analysis and risk management.
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Related to Program Trading

  • Abusive Trading means the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any robots, spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the Client’s obligations under paragraph 2 of Appendix.

  • Street Trading means the selling or exposing or the offering for sale of any article (including a living thing) or the supplying or offering to supply any service in a street for gain or reward.

  • Free Trading means that (a) the Exchange Shares have been cleared and approved for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm servicing such brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm and have been deposited into such clearing firm’s account for the benefit of Lender.

  • Insider Trading means the use of Material Non-Public Information to trade in a Security (whether or not one is an Access Person) or the communication of Material Non-Public Information to others. Insider Trading generally includes:

  • algorithmic trading means trading in financial instruments where a computer algorithm automatically determines individual parameters of orders such as whether to initiate the order, the timing, price or quantity of the order or how to manage the order after its submission, with limited or no human intervention. This definition does not include any system that is only used for the purpose of routing orders to one or more trading venues or for the confirmation of orders;

  • Principal Trading Market means the Trading Market on which the Common Stock is primarily listed on and quoted for trading, which, as of the date of this Agreement and the Closing Date, shall be the Nasdaq Capital Market.

  • Last Trading Day means, for a particular Contract, the last date on which that Contract may be traded on the Market.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Joint Commercialization Committee or “JCC” has the meaning set forth in Section 3.4 (Joint Commercialization Committee).

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • Margin Trading means Leverage trading when the Client may make Transactions having less funds on the Client Account in comparison with the Transaction Size.

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Direct Marketing ’ means to approach a data subject, either in person or by mail or electronic communication, for the direct or indirect purpose of—

  • JCC has the meaning set forth in Section 3.1.

  • Secondary Market refers to a bulletin board platform at wxx.xxxxxxxxxxx.xx created by Masterworks.

  • in vitro diagnostic medical device means any medical device which is a reagent, reagent product, calibrator, control material, kit, instrument, apparatus, equipment, software or system, whether used alone or in combination, intended by the manufacturer to be used in vitro for the examination of specimens, including blood and tissue donations, derived from the human body, solely or principally for the purpose of providing information:

  • Primary Market means on any of (a) the American Stock Exchange, (b) New York Stock Exchange, (c) the Nasdaq Global Select Market, (d) the Nasdaq Global Market, (e) the Nasdaq Capital Market, or (e) the Over-the-Counter Bulletin Board (“OTCBB”)

  • Licensed Program means the executable processing programs of licensed information, which is composed of various modules in the Licensed Software package provided by the Licensor.

  • Video programming means programming provided by, or generally considered comparable to programming provided by, a television broadcast station.

  • Trading means and includes subscribing, buying, selling, dealing, or agreeing to subscribe, buy, sell, deal in any securities, and "trade" shall be construed accordingly.

  • organised trading facility or ‘OTF’ means a multilateral system which is not a regulated market or an MTF and in which multiple third-party buying and selling interests in bonds, structured finance products, emission allowances or derivatives are able to interact in the system in a way that results in a contract in accordance with Title II of this Directive;

  • JSC has the meaning set forth in Section 3.1.

  • JDC has the meaning set forth in Section 3.2.

  • Non-Trading Operation means any operation involving the deposit of funds, withdrawal from a Client's Account or the provision (return) of Credit.

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Monitoring Indicator means a measure of HSP performance that may be monitored against provincial results or provincial targets, but for which no Performance Target is set;