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. Any Access to MTS Real-Time data for Non-display must be declared by End Customer directly to the Licensor following the reporting Schedule stated in Section 4. 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 in accordance with the Fee schedule. 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

  • Mandatory: Fill in the “Access” field.• The options are: 0=Traditional, 4= DMA Manual and 3= Program Trading.

  • Mandatory: Fill in the “Access” field. The options are: 0=Traditional, 4= DMA Manual and 3= Program Trading.

  • This Non-Display Usage licence includes the usage for internal purposes of MTS Real-Time Data for algorithmic or Program Trading (as defined below) or for the automated monitoring of trading activities, quantitative analysis and for designing algorithmic trading strategies in any back-testing tools and for any other Non-Display use of MTS Real-Time Data.

  • DMA Allowed but No Program Trading 3 – DMA Allowed with Program Trading4 – SOR5 – Handheld Device 6 – SOR with DMA7 – SOR with DMA with Program Trading2 digits: Vendor CodeIf type of user =0 (TWS) then Program Trading must be 0If type of user =1 (IML) then Program Trading must be 0 to 7.P.S:The location ID needs to be registered through the web interface provided to the members.If the end-user passes a Location Id with Invalid length (i.e. not equal to 16 digit) than the order request will be rejected.

  • Booth, The Uncertain Case for Regulating Program Trading, 1994 COLUM.

  • 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.

  • The receipt, processing and/or utilization of the Market Data in Non-display Usage mode, including the creation of Derived Data and the use of Market Data through Black Box, Algorithmic Application, Program Trading Applications or Similar, are subject to payment solely of the fixed fee.

  • The Subscriber shall also utilize the Market Data in Non- display Usage mode, through Black Box, Algorithmic Applications, Program Trading Applications or Similar, as well as to create Derived Data.

  • These hours will be scheduled during the day, evening, and weekends to meet the needs of Aristotle’s Bridge Learning students.

  • 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.


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

  • 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 Global Select 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.

  • 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 far less funds on the Trading Account in comparison with the Transaction Size.

  • 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 2.1.

  • 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:

  • 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;