Securities Operations Glossary Second Edition

Most glossaries that have been created for the securities industry were written by brokers and for brokers. This glossary has a broader view. It contains terms that are used by brokers, as well as by banks, investment managers and other participants in the securities industry. When a term has more than one usage, the different definitions are shown. This glossary focuses primarily on the terms that are most often used by the operations and technical staff as well as the front office. Front office and investment terms have been defined in the context of how an operations or technical person might view them.