Head Trader
What is a Head Trader? A head trader refers to either the head of an independent trading company or the head of the trading department at a registered securities firm or other financial institution that conducts trading in the financial markets. Job Responsibilities of a Head Trader 1. Ensure regulatory compliance with local, state, and...
Statute of Frauds
What is the Statute of Frauds? The statute of frauds is a foundational principle of common law that requires – for them to be enforceable – some types of contracts to be written rather than merely oral agreements. It is a longstanding and well-established legal principle, originating in 17th century English law. The original legislative...
Stop Order
What is a Stop Order? A stop order is a contingent order that an investor utilizes to either enter or exit a market position. A stop order is activated, or triggered, into effect when a traded security – such as a particular stock – reaches a certain market price that is specified in the order....
Key Currency
What is Key Currency? Key currency is a currency that does not fluctuate too broadly, helps in setting exchange rates, and supports global transactions. The term “key currency” can also be used to define prominent currencies in the world. Since a key currency is recognized globally, it can set the value of other currencies. Key...
Samurai Bond
What is a Samurai Bond? A samurai bond is a corporate bond issued by foreign companies in the Japanese market and is required to abide by the Japanese regulations. It is a yen-denominated bond that attracts investors from Japan, providing capital to a non-Japanese issuer. Samurai bonds provide issuers access to the financial market and...
