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48 hour rule |
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48 hour rulePSA Uniform Practices requirement that all pool information in a to be announced (TBA) transaction be communicated by the seller to the buyer before 3 p.m. EST on the business day 48 hours prior to the agreed-upon to be announced (TBA).48 hour rule Similar MatchesTriple witching hourTriple witching hourThe last trading hour on the third Friday of March, June, September and December when options and futures on stock indices expire concurrently. After hours dealing or tradingAfter hours dealing or tradingSecurities trading after regular trading hours on organized exchanges. After hours dealsAfter hours dealsDealings made on a stock exchange after its official closure time. These deals are rolled over and included in the following day's transactions. Triple witching hourTriple witching hourThe four times a year that the S&P futures contract expires at the same time as the S&P 100 index option contract and option contracts on individual stocks. It is the last trading hour on the third Friday of March, June, September, and December, when stock options, futures on stock indexes, and options on these futures expire concurrently. Massive trades in index futures, options, and underlying stock by hedge strategists and arbitrageurs cause abnormal activity (noise) and volatility. Watt HourWatt HourThe basis used to determine electric bills. Example: A 100 watt light bulb means if the bulb burns for one hour, it will use 100 watts of electricity. |
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