witching day n.— «That rumor proved false too. But is it just a coincidence that the rumor spread on a Friday known as a “quadruple witching day”—when lots of Merrill Lynch options were expiring?» —“Psst! Hear the Rumor of the Day...
front-run v. phr.— «Prosecutors allege day traders would buy or sell shares in advance of anticipated price movements, generating more than $600,000 in profits between January 2002 and February 2004. Mahaffy said no one ever told him they...
squawk box v. phr.— «A former Merrill Lynch & Co. broker on trial for selling access to his firm’s “squawk box’ denied allowing clients to eavesdrop on internal orders at the firm, though he said he believed they were entitled...