MSCI is an acronym for Morgan Stanley Capital International. It is an investment research firm that provides stock indexes, portfolio risk and performance analytics, and governance tools to institutional investors and hedge funds. MSCI is perhaps best known for its benchmark indexes—including the MSCI Emerging Market Index and MSCI Frontier Markets Index—which are managed by MSCI Barra. The company continues to launch new indexes each year.
An asset swap is similar in structure to a plain vanilla swap with the key difference being the underlying of the swap contract. Rather than regular fixed and floating loan interest rates being swapped, fixed and floating assets are being exchanged.
An axe (or axe to grind) is the interest that a trader shows in buying or selling a security that is typically already on his books. If a trader holds a long position, but has short-term concerns, that trader’s axe toward short-term put options may be significant. Likewise, if a trader has risk exposure to an increase in interest rates, he may have an axe to hedge against that risk. Many times, a trader with an axe will keep that information private because if other market participants become aware of his motivations, they can take advantage of that information by offering unfavorable prices or withholding certain trades in order to exploit the situation.
A statute of limitations is a law that sets the maximum time the parties involved have to initiate legal proceedings from the date of an alleged offense, whether civil or criminal. However, the length of time the statute allows for a victim to bring legal action against the suspected wrong-doer can vary from one jurisdiction to another.
Grunt work is an expression used to describe thankless and menial work. Grunt work can also refer to jobs that lack glamour and prestige or are boring and repetitive. On Wall Street, grunt work could entail combing through a company’s financial records, looking for positive and negative developments or analyzing historical trading data in the hope of finding the perfect stop-limit order points.
Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking.
Non-traded REITs are not listed on public exchanges and can provide retail investors access to inaccessible real estate investments with tax benefits.
Grunt work is an expression used to describe thankless and menial work. Grunt work can also refer to jobs that lack glamour and prestige or are boring and repetitive. On Wall Street, grunt work could entail combing through a company’s financial records, looking for positive and negative developments or analyzing historical trading data in the hope of finding the perfect stop-limit order points.
Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking.
Non-traded REITs are not listed on public exchanges and can provide retail investors access to inaccessible real estate investments with tax benefits.