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SSN

It stands for short-term structured note; a structured note whose maturity does not typically exceed 9-12 months (though at times,...

EFQ

It stands for effective spread over quoted spread; the ratio of the effective spread (share-weighted average of the execution price...

QJ

It stands for queue jumping; a practice by specific traders on an exchange who exploit sub-penny venues (SPVs) to post...

SPT

An acronym for sub-penny trading; a trading practice where brokers and dealers post orders in dark (invisible) venues and unregulated...

RST

It stands for reverse stress testing; a stress testing that is conducted "reversely". While stress testing is a forward-looking technique...

RLBO

It stands for reverse leveraged buyout; a leveraged buyout (LBO) that involves conducting an initial public offering (IPO) for a...

CBO

Any acronym for collateralized bond obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...

CMO

It stands for collateralized mortgage obligation; a structured product that is backed and collateralized by a pool of mortgage loans...

CCR

It stands for counterparty credit risk; a type of credit risk that arises or may arise on both sides of...

AWC

An acronym for a template settlement agreement known as an acceptance, waiver, and consent agreement (issued and promulgated by FINRA,...