Fast Tape

Transactions in the pit or ring take place in such volume and with such rapidity that price reporters are behind with price quotations, so insert "FAST" and show a range of prices.

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Painting the Tape
Refers to activities which give the impression of increased volume and/or price changes. Sometimes this action is motivated by a party or parties to have a specific price occur at the end of the trading session in order to influence that instrument's valuation for mark-to-market purposes.

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Structured debt

Debt that has been customized for the buyer, often by incorporating unusual options.


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