Global Broking
People who connect banks, hedge funds, and other financial institutions to facilitate trading.
What is an interdealer broker?
Fx is short for this.
What is Foreign Exchange?
Apple, Microsoft, and amazon are examples of this kind of investment.
What are stocks?
The four asset classes within TPICAP
What are Equities, Credit, Rates, & FX
The price a client is willing to buy/sell a security at
What is the bid/ask
A broker makes money by charging these on trades.
What is a commission?
Brazil and Mexico fall under this.
What is LatAm?
This investment holds a basket of stocks and trades on an exchange.
What is an ETF?
The largest interdealer broker in the world.
What is TP/ICAP?
Refers to general market insight a broker shares about buying and selling interest.
What is "color"
What is "high-touch"
The benchmark interest rate that measures the cost of borrowing cash overnight while the loan is secured by US treasury securities.
What is SOFR?
Another name for a "lit" trading pool
What is an exchange?
Who are BGC and Tradition?
This is when the Fed lowers interest rates to command growth, and when the Fed raises interest rates to combat inflation and maximize employment.
What is hawkish or dovish?
This is typically described as "hands-off" and largely algorithmically driven trading.
What is low-touch?
The countries traditionally combined into the group known as BRICS.
What is Brazil, Russia, India, China, and South Africa?
One is backed by a government while another is backed by a family of high net worth individual(s)
What is the difference between a sovereign fund and a single family office fund?
The TPICAP division introduced in 2021 that focuses on data and analytics
What is Parameta Solutions
Describes an option whose strike price is very close to market price of underlying asset
What is "at the money"
TP/ICAP has this number of desks in the New York office
What is 89?
The standard settlement cycle for most spot Fx transactions.
What is t+2?
What is a residual stakeholder?
PLACEHOLDER
WHAT IS PLACEHOLDER
Buying or selling both a call or put at the same strike price and expiration date.
What is a straddle?