program trading
Word Rarity
Uncommon
Frequency: Zipf frequency 4.54 in modern English
21
Scrabble Score
14
Letters
4
Syllables
10
Unique Chars
Meaning
noun
High-volume and high-speed buying and selling of investment securities, such as stocks and bonds, which is initiated and executed by brokerage firms' computer programs that continually monitor market conditions.
Uncountable
Example Sentences
- "But the controversy over program trading, the sophisticated investment strategy responsible for the upheavals that have sometimes marked “witching” Fridays, is far from over."
- "When program trading came into vogue in the mid-1980s, it was at the forefront of Wall Street's computer revolution—and its practitioners included the Street's largest and most luminous brokerages."
- "A more bewildering development is the array of complex, computer-assisted trading techniques that, in taking the stock exchanges by storm, have become a major cause of the market's extraordinary peaks and valleys. The most controversial is known as program trading, in which computers, for example, launch massive buy and sell orders."
- "I’ll say it again: program trading, now known as “high-frequency” trading, serves no purpose but to line the pockets of the program-trading firms at the expense of the millions of other investors participating in the market."