Financial term of the day, Monday 12th of May 2008:

Traders

Persons who take positions in securities and their derivatives with the objective of making profits. traders can make markets by trading the flow. When they do that, their objective is to earn the bid/ask spread. traders can also be of the sort who take proprietary positions whereby they seek to profit from the directional movement of prices or spread positions.

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Traders
Persons who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do that, their objective is to earn the bid/ask spread. Traders can also be of the sort who take proprietary positions whereby they seek to profit from the directional movement of prices or spread positions.

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Perfect market view (of dividend policy)

Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy in a perfect capital market.


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