Negative Obligation

0.03 sec.

Negative obligation

A New York Stock Exchange rule that governs the behavior of specialists. Negative obligation is the mandate of the specialists not trade for the specialist's firm's own account when enough public investor orders exist to match up naturally -- without intervention. An example of violating negative obligation is Trading Ahead. Also see positive obligation.

Negative Obligation

New York Stock Exchange requirements on its specialists. The negative obligation forbids specialists from trading on their own accounts when enough matching orders exist to ensure a two-sided market. That is, when investors do not need a specialist to provide liquidity to the market, the negative obligation prohibits the specialist from trading on its own account. See also: Positive obligation.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
Affirmative Obligation Positive Obligation Trading Ahead			Nearest Month Necessary Necessities of Life Neckline NECTAs Negative Acknowledgment negative amortization Negative Amortization Cap Negative Amortizing Mortgage Negative Authorization Negative Balance Negative Carry negative cash flow Negative Convexity Negative Covenant Negative Duration negative easement Negative Equity negative equity loans Negative Goodwill Negative Income Tax Negative Interest Rate negative leverage Negative Net Worth Negative NPV tie-in project Negative Obligation negative or positive leverage Negative Pledge Negative Pledge Clause Negative Points Negative Volume Index Negative working capital Negative Yield Curve Neglected Firm Effect Neglected-Firm Effect negligence negligent fraud Negligent Trustee negligent waste Negociable Negociacao coletiva Negociacion colectiva Negociacion ficticia Negociacion fuera de la bolsa Negociacion suspendida Negociaciones en base a informacion confidencial Negociar si llega al precio Negociation collective Negotiable Negotiable bill of lading Negotiable Certificate of Deposit			negative leverage Negative Likelihood Ratio Negative Log of Ka Negative logic Negative logic Negative logic Negative logic negative magnetic pole negative meniscus lens Negative Metal Oxide Semiconductor negative mirror negative mode xeroradiography negative mode xeroradiography negative mode xeroradiography Negative Moderator Temperature Coefficient negative modulation negative most-significant-other negative movement Negative Movement of Lateral Pharyngeal Walls negative muon negative net worth Negative Neutral Beam Injection negative nitrogen balance negative nitrogen balance negative nitrogen balance negative nitrogen balance negative nodal points Negative Notification Negative NPV tie-in project Negative number Negative Obligation Negative Obligations negative or positive leverage Negative Overhead Growth Negative part Negative Partial Transpose negative pathognomonic symptom Negative Peak Latency Difference Scores negative pedal Negative Perspective Collage Negative pH Negative pH Negative pH Negative pH negative phase negative phase of the shock wave negative phase sequence negative photo plane negative photokinesis negative phototaxis negative pi meson pion negative pi meson radiotherapy negative picture phase negative pion negative plate Negative Play Experience Negative pledge Negative pledge clause

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.