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Investing Glossary:
Protect
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Assure the salesperson or trader that interest, Buy or sell, will be attended to, given any change in the Trading circumstances, as follows: At a price: If the Stock trades at a certain price or price range, the trader will show this Market to the salesperson and thus allow participation under these favorable circumstances. Floor protection: Representation of a client On the floor of the exchange-so that if Size were to Trade at his price or a better price, salesperson would participate. Volume (OTC): If a certain amount of volume trades (that parallels the protectee`s interest), trader assures salesperson of reasonable participation in the trading activity. The extent of this protection depends on liquidity, number of market makers, and other aspects of the stock.
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