proprietary trading definition
proprietary trading means, with respect to the Borrower or any Subsidiary, engaging as a principal for such Person’s own account (and, for the avoidance of doubt, not on behalf of a customer) in any transaction to purchase or sell, or otherwise acquire or dispose of, any security, any derivative, any contract of sale of a commodity for future delivery, any option on any such security, derivative, or contract, or any other security or financial instrument, other than ordinary course transactions consistent with the past practice of the Borrower as of the Effective Date, including purchasing and selling treasury securities for segregated funds accounts, buying and selling Securities to award to customers in the ordinary course, selling out customers that default on loans, buying in Securities that were not returned in Securities lending transactions and buying and selling Securities to account for fractional shares purchased by customers.
proprietary trading means using own capital or borrowed money to enter into any type of transaction to purchase, sell or otherwise acquire or dispose of any financial instrument or commodities for the sole purpose of making a profit for own account, and without any connection to actual or anticipated client activity or for the purpose of hedging the entity’s risk as result of actual or anticipated client activity;
proprietary trading means using own capital or borrowed money to take positions in any type of transaction to purchase, sell or otherwise acquire or dispose of any financial instrument or commodities for the sole purpose of making a profit for own account, and without any connection to actual or anticipated client activity or for the purpose of hedging the entity’s risk as result of actual or anticipated client activity, through the use of desks, units, divisions or individual traders specifically dedicated to such position taking and profit making, including through dedicated web-based proprietary trading platforms;
More Definitions of proprietary trading
proprietary trading means the buying and selling of financial instruments or foreign exchange by a financial institution for its own account;
proprietary trading means trading by an entity of one or more of the following solely for the entity’s own account or for the account of any affiliate of the entity and not for the account of unrelated third parties —
proprietary trading is defined as engaging as a principal for the trading account of a banking organization or supervised nonbank financial company in any transaction to purchase or sell, or otherwise acquire or dispose of any security; any derivative; any contract of sale of a commodity for future delivery; any option on any such security, derivative, or contract; or any other security or financial instrument determined to consist of proprietary trading by applicable Law. "Trading account" means any account used for acquiring or taking positions in the proprietary trading of securities and instruments principally for the purpose of selling in the near term (or otherwise with the intent to resell in order to profit from short-term price movements), and any such other accounts as defined by applicable Law. No Company Party sponsors or invests in, directly or indirectly, any "hedge fund" or "private equity fund" which include any issuer that is exempt from SEC registration under the Investment Company Act of 1940 based on Section 3(c)(1) or Section 3(c)(7) along with any "similar fund" determined by applicable laws, rules or regulations.
proprietary trading means trading by an entity of one or more of the following solely for the entity’s own account or for the account of
proprietary trading means trading conducted by a broker, agent or an associated person trading on his own account for direct gain instead of commission.
proprietary trading means engaging as principal for its own “trading account” in any transaction to purchase, sell or otherwise acquire or dispose of any security, any derivative, any contract of sale of a commodity for future delivery, any option on any such security, derivative or contract, or any other security or financial instrument that the appropriate federal banking agencies, the SEC and the CFTC may determine by rule.
proprietary trading means engaging as principal for the “trading account” (generally, an account used for acquiring or taking positions principally for the purposes of selling in the short term) of the banking entity in any transaction to purchase or sell any security, any derivative or any other security or financial instrument that the federal banking regulators, the SEC and the CFTC may determine by rule.