MARKET STRUCTURE DICTIONARY

Entries

All of the entry terms and phrases in this dictionary, along with any synonymous variants provided within the definition, are given in boldface type.  Terms and phrases that are similar, related, or provide an essential cross-reference are given in small capital letters.  When a term or phase has more than one meaning, the definitions are numbered.  Example sentences are given in italic type and are often in conversational form.  If such an example sentence represents a conversation between two people, their comments are separated by three dashes. 

Alphabetization

Entries are arranged alphabetically, letter by letter up to the comma in the case of inverted elements.  However, a space between two letters will alphabetically supersede the first letter that follows the space.  For example, the term buy the book will appear before buyer or buying climax. 

Sources

The foundation of this dictionary is my personal experience as a professional stock trader.  This experience would include invaluable interactions with mentors, colleagues, and customers over the years as well as a fair amount of observation and study of the equity markets in general.  During the actual compilation of this book, I also utilized various other sources  including existing dictionaries, market related books, academic tomes, government publications, and websites.

Among the principal published sources consulted were Gretchen Morgenson and Campbell R. Harvey, Ph.D., The New York Times Dictionary of Money and Investing:  The Essential A-to-Z Guide to the Language of the New Market;  Larry Harris, Trading and Exchanges:  Market Microstructure for Practitioners;  Robert Sobel, The Curbstone Brokers:  The Origins of the American Stock Exchange;  Robert Sobel, The Big Board:  A History of the New York Stock Market;  David L. Scott, Wall Street Words:  Financial Literacy for a Changing Market;  Peter Wyckoff, Dictionary of Stock Market Terms;  Peter Wyckoff, The Language of Wall Street;  Howard Irving Smith, Smith’s Financial Dictionary;  Allan H. Pessin and Joseph A. Ross, Words of Wall Street:  2000 Investment Terms Defined;  Paul Sarnoff, The Wall Street Thesaurus;  James K. Medbery, Men and Mysteries of Wall Street;  Staff of the Securities and Exchange Commission, Report of Special Study of Securities Markets of the Securities and Exchange Commission (1963);  H.S. Martin, The New York Stock Exchange; a Discussion of the Business Done; its Relation to Other Business, to Investment, Speculation and Gambling; the Safeguards Provided by the Exchange, and the Means Taken to Improve the Character of Speculation;  Birl E. Shultz, Stock Exchange Procedure;  J. Edward Meeker, The Work of the Stock Exchange;  Leonard Sloane, The Anatomy of the Floor:  The Trillion-Dollar Market at the New York Stock Exchange;  Irwin Friend, G. Wright Hoffman, Willis J. Winn, Morris Hamburg, and Stanley Schor, The Over-the-Counter Securities Markets;  John C. Loeser, The Over-the Counter Securities Market:  What it is and How it Operates;  Staff of the New York Institute of Finance, Trading Stocks on the Over-the-Counter Market;  Charles R. Geisst, Wall Street:  A History;  Martha J. Lamb, Wall Street in History;  Frederick Trevor Hill, The Story of a Street:  A Narrative History of Wall Street From 1644 to 1908;  Humphrey B. Neill, The Inside Story of the Stock Exchange:  A Fascinating Saga of the World’s Greatest Money Market Place;  Robert M. Sharp, The Lore and Legends of Wall Street; and Christine Ammer, The American Heritage Dictionary of Idioms.

Among the principal websites consulted were Campbell R. Harvey’s Hypertextual Finance Glossary found at duke.edu/~charvey/Classes/wpg/glossary.htm; wikipedia.org;  marketswiki.com;  investopedia.com;  investorwords.com;  lexicon.ft.com;  tradersmagazine.com;  wallstreetandtech.com;  advancedtrading.com;  nyse.com;  nyxdata.com;  nasdaq.com;  nasdaqtrader.com;  otcmarkets.com;  otcbb.com;  sec.gov;  finra.org;  sipc.com;  chx.com;  batstrading.com;  nsx.com;  directedge.com;  lavatrading.com;  redi.com;  liquidnet.com;  itg.com;  bidstrading.com; knight.com;  etrade.com;  schwab.com;  bloomberg.com;  omgeo.com;  thomsonreuters.com;  sungard.com;  dtcc.com;  nscc.com;  fixprotocol.org;  securitytraders.info;  stala.org;  stany.org;  tabbgroup.com;  nyu.edu;  sfmuseum.org;  bigorangelandmarks.blogspot.com;  explorepahistory.com;  ushistory.org;  and aaronburrassociation.org.