Closing Purchase A transaction to reduce or eliminate a shortposition in a stock or series of options. Closing Sale A transaction to reduce or eliminate a long positionin a stock or series of options. The fee paid to a broker to execute a trade, based on the number of shares, bonds or options ortheir dollar value. Confidence Indicator A measure of investors' faith in the economy and the securities market. A low ordeteriorating level of confidence is considered by many technical analysts as abearish sign.
Confirmation is issued immediately after a trade is executed.
It spells out settlementdate, terms, commission, etc. The movement of the price of a futures contract toward the price of the underlyingcash commodity. At the start, the contract price is higher because of the time value. But as the contract nears expiration, the futures price and the cash price converge. Coupon For fixed income securities, the stated percentage rate of interest the issuer agrees to pay the holder until maturity.