banging the close
n.— «The CFTC alleges that the defendants employed a manipulative scheme commonly known as “banging” or “marking” the close. “Banging the close” refers to the practice of acquiring a substantial position leading up to the closing period, followed by offsetting the position before the end of the close of trading for the purpose of attempting to manipulate prices.» —“CFTC charges Dutch group Optiver with manipulation of Nymex energy futures market” HedgeWeek Ju;y 24, 2008. (source: Double-Tongued Dictionary)
Further reading
Tess from southeastern Pennsylvania wonders about the origins of coleslaw. It comes from Dutch koolsla, meaning simply “cabbage salad.” The cole part shares its root with kale, the cauli in cauliflower, and the kohl in kohlrabi. All these words go...
High school students in Alabama share some favorite slang terms. If someone tells you to touch grass, they’re telling you to get a reality check — but the last thing you’d actually want to touch is dog water! Also, the history of the...