An individual or firm that refers clients to a brokerage and earns commissions based on the trading activity of those clients.
A relationship between two assets where they tend to move in opposite directions.
A pooled investment vehicle managed by professionals, used to invest in a diversified portfolio of financial instruments.
A classification assigned to bonds considered to have low default risk and high credit quality by rating agencies.
An advanced options strategy that combines selling a call and a put at the same strike price while buying protective options at different strikes.
A monthly economic indicator that measures the level of activity in the US manufacturing sector.
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