SHOP

HFT is a form of automated trading. These automated strategies try to find market liquidity imbalances or short-term pricing inefficiencies leaving no positions at the end of the day. HFT produces large-scale turnover of many positions, making small returns on each position.

See High-Frequency Trading.

Fintech is short for financial technology. It is technology-driven innovation in the design and delivery of banking, lending and capital markets financial services and products. Examples would be mobile payment systems, cryptocurrencies, the use of blockchain, peer to peer lending, and robo-advisors.

Known as ETFs, a subset of Exchange Traded Products (ETPs), they are registered investment funds, regulated by the SEC, and like stocks, they trade on an exchange. ETFs are comprised of a basket of securities such as stocks, bonds, or commodities and track a specific index for performance. The concept…

See Exchange Traded Funds.

Computerized trading system bringing buyers and sellers together, eliminating the traditional middleman. ECNs are a type of ATS and show best-priced orders in the consolidated quote stream, not just the best bid/offer available. In the U.S., ECNs are registered with the SEC as broker-dealers.

See Electronic Communications Network.

EBITDA PLUS stock-based compensation.

EBITDA PLUS losses, gains, and other adjustments on real estate.

EBITDA PLUS lease/rental expenses.

EBITDA PLUS pension expenses.

EBITDA PLUS option expenses.