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Day trade |
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Day tradeAlso known as a "daylight trade." The purchase and sale or the short sale and cover of the same security in a margin account on the same day.Day trade Similar MatchesRegistered traderRegistered traderA member of the exchange who executes frequent trades for his or her own account. Improve the terms of tradeImprove the terms of tradeTo increase the terms of trade; that is, to increase the relative price of exports compared to imports. Because it represents an increase in what the country gets in return for what it gives up, this is associated with an improvement in the country's welfare, although whether that actually occurs depends on the reason prices changed. Technical barrier to tradeTechnical barrier to tradeA technical regulation or other requirement (for testing, labeling, packaging, marketing, certificaiton, etc.) applied to imports in a way that restricts trade. Intracompany tradeIntracompany tradeTransactions between or among subsidiaries that are part of the same parent company. Exchange traded fundExchange traded fundETFs are a new kind of collective investment fund competing with investment trusts and unit trusts for investors' money.In some ways they are a conventional tracker fund, pooling the cash of a large number of investors and investing it in a basket of shares in companies that make up an index (e.g. members of the FTSE A All-Share).Like unit trusts, ETFs are open ended, which means that new units can be issued in response to demand. The advantage of this is that they trade at a price which is close to the net asset value of the fund (i.e. the value of its investments) - something that cannot be said of investment trusts which are closed funds.But unlike unit trusts, ETFs do not usually have initial charges and their annual management charges are much lower (averaging 0.35%). You will have to pay broking commission, but some ETFs are exempt from Stamp Duty.Another feature of ETFs is that their prices are updated continuously during the trading day to reflect the indexes they track. This is an improvement over unit trusts where prices are only recalculated every 24 hours. So if you buy shares in an ETF at 2 o'clock on Monday the price you pay will be directly related to the NAV at that time.ETFs pay a dividend to their shareholders, which is the sum of all the dividends received from the ETF's investments minus an annual management fee. Typical annual fees are under 0.5% of the fund's value.The UK's first ETF was launched by Barclays Global Investors in 2000 and took 80,000 trades in its first week. It can be held in both PEPs and ISAs and does not attract Stamp Duty.You can buy ETFs through most stockbrokers. Further SuggestionsEffect of tradeFloor trader Pattern of trade Affiliate tradesmen Traders Static gains from trade Trade negotiation Trades by appointment Kansas City Board of Trade (KCBT) Ethical trade Ministry of International Trade and Industry Chicago Board of Trade (CBOT) Free trade Trademark Intra-mediate trade Trade Promotion Authority Intraindustry trade Entrepôt trade Free trade zone Adverse terms of trade late reported trade Trade draft Position trader Restricted trade Balance of trade |
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