PAMM (Percent Allocation Management Module) | PAMM is a form of money-management system. An investor gets to allocate his or her money in desired proportion to the qualified trader(s)/money manager(s) of his or her choice. These traders/managers may manage multiple forex trading accounts using their own capital and such pooled moneys, with an aim to generate profits. More Information
https://oxsecurities.com.au/partnerships/introducing-brokers/
https://oxsecurities.com.au/partnerships/money-managers/
https://oxsecurities.com.au/partnerships/white-label/
https://oxsecurities.com.au/partnerships/regional-partnerships/ |
PBOC | People’s Bank of China, the central bank agency of China. |
Pip | Normally used in reference to forex rates, a ‘percentage in point’ is generally, though not always, the fourth decimal place, i.e. 0.0001.
More Information:
https://oxsecurities.com.au/trading-accounts/account-types/ |
Phishing | The fraudulent practice of sending emails purporting to be from reputable companies to induce individuals to reveal personal information, such as passwords and credit card numbers. |
Prime Broker (PB) | A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. Prime brokerage services are provided by most of the large brokers, such as Goldman Sachs, Paine Webber, and Morgan Stanley Dean Witter. Hedge funds were what started the prime brokerage option. Hedge funds place large trades and need special attention from brokerages. |
Principal Orders | A type of order carried out by a broker-dealer which involves the broker-dealer buying or selling for its own account and at its own risk, as opposed to carrying out trades for the brokerage’s clients. When a broker-dealer is acting on its own behalf, as opposed to brokering transactions for its clients, it must properly denote to the exchange that it is doing so. These kinds of transactions are also known as “principal trades”. |
Proprietary Trading | When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than from commissions from processing trades. Firms that engage in proprietary trading believe that they have a competitive advantage that will enable them to earn excess returns. |
Portfolio | A collection of investments owned by an individual or company. |
