BLOCK TRADING FACILITY (BTF)
\blˈɒk tɹˈe͡ɪdɪŋ fəsˈɪlɪti bˌiːtˌiːˈɛf], \blˈɒk tɹˈeɪdɪŋ fəsˈɪlɪti bˌiːtˌiːˈɛf], \b_l_ˈɒ_k t_ɹ_ˈeɪ_d_ɪ_ŋ f_ə_s_ˈɪ_l_ɪ_t_i__ b_ˌiː_t_ˌiː__ˈɛ_f]\
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A facility offered by certain FUTURES EXCHANGES where two parties agree to cross (buy/sell) a large transaction away from the exchange in order not to skew prices. Once a transaction is concluded through the facility it is registered with the exchange and its CLEARINGHOUSE.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).
Nearby Words
- block signal
- block started by symbol
- block system
- block tin
- block trade
- BLOCK TRADING FACILITY (BTF)
- block transfer computations
- block up
- block vote
- block-house
- block-like