Program Trading definition

Program Trading means the use of MTS Real-Time Data for the production of models and pre-trade analysis, assessment of trading signals, trade selection and use in electronic trading systems for the purpose of generating orders or executing transactions in an automated or semi-automated manner (with or without a display of MTS Real-Time Data or calculation output) including, but not limited to, algorithmic trading, program trading or automated monitoring of trading activities.

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Program Trading means either (A) index arbitrage or (B) any trading strategy involving the related purchase or sale of a "basket" or group of 15 or more stocks. Program trading includes the purchases or sales of stocks that are part of a coordinated trading strategy, even if the purchases or sales are neither entered nor executed contemporaneously, nor part of a trading strategy involving options or futures contracts on an index stock group, or options on any such futures contracts, or otherwise relating to a stock market index.

Program Trading means systems for the automatic generation and input of orders on the basis of predetermined parameters related to the performance of markets;

Examples of Program Trading in a sentence

Section 3.5(d) of the Disclosure Schedule sets forth the unaudited statement of operating results of the Electronic Program Trading business of CCM for the six (6) month period ended June 30, 2004 and the unaudited statement of operating results of the Options Business of CS&Co. for the six (6) month period ended June 30, 2004 including all revenues and costs associated with the operations of such divisions in accordance with the method described therein.
You understand and acknowledge that TradeStation Securities offers neither arbitrage accounts nor proprietary systems for Program Trading (or any other purpose).
Commission for Program Trading: the Commission will be consulted.

More Definitions of Program Trading

Program Trading means computer program which allows orders to be created and recorded automatically;

Program Trading means the transaction method under which trading signals or Instructions are executed automatically by computer based on predetermined trading models with functions of market condition analysis and risk management.

Related to Program Trading

Abusive Trading means the following actions, but not limited to, pip-hunting, scalping, arbitrage, manipulations or exploitation of any temporal and/or minor inaccuracy in any rate or price offered on the Trading Platform, a combination of faster/slower feeds, use of any robots, spiders or other automated data entry system with the Trading Platform (unless the Client receives express written consent by the Company prior to activating the robot), violation of the Client’s obligations under paragraph 2 of Appendix.
Street Trading means the selling or exposing or the offering for sale of any article (including a living thing) or the supplying or offering to supply any service in a street for gain or reward.
Free Trading means that (a) the Exchange Shares have been cleared and approved for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm servicing such brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm and have been deposited into such clearing firm’s account for the benefit of Lender.
Insider Trading means the use of Material Non-Public Information to trade in a Security (whether or not one is an Access Person) or the communication of Material Non-Public Information to others. Insider Trading generally includes:
algorithmic trading means trading in financial instruments where a computer algorithm automatically determines individual parameters of orders such as whether to initiate the order, the timing, price or quantity of the order or how to manage the order after its submission, with limited or no human intervention. This definition does not include any system that is only used for the purpose of routing orders to one or more trading venues or for the confirmation of orders;