GKToday Archives: November, 2010

Deferred Futures

The most distant months of futures contract.

Debenture Trustee

A trustee of a trust deed for securing any issue of debentures of a body corporate.


Bonds issued by a company bearing a fixed rate of interest usually payable half yearly on specific dates and principal amount repayable on a particular date on redemption of the debentures.

Day Order

An order that is placed for execution if possible, during only one trading session. If the order cannot be executed that day it is automatically cancelled.

Day Trader

A new breed of retail investor, found mostly in the United States who deals on the stock market via online brokers from dawn to dusk. A day trader undertakes many different buy and sell transactions during the day. Previously trading ..

Dawn Raid (U.S.)

A situation in which a predator broker sweeps into the market the instant it opens and buys up a large block of shares before the others have chance to react.