Preference


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Preference

Refers to over-the-counter trading. Selection of a dealer to handle a trade despite the dealer's market not being the best available. Often the "preferenced dealer" will then move his market in line.

Preference

The practice of executing trades and other transactions by means other than the open market. For example, if one needs roofing repairs on one's house, one may select one's brother's roofing business even if it is more expensive. In securities, preference often occurs in over-the-counter trades, especially within a brokerage. Preference can, but does not always, lead to economic inefficiency.

preference

The practice of matching customers' buy and sell orders away from the primary exchange. Preferencing is opposed by the New York Stock Exchange because it claims the practice unfairly benefits brokerage firms and doesn't give customer orders the chance to see other customer orders in a public market. Compare in-house trade.
References in periodicals archive ?
The warrant was issued to the Government of Bermuda in June 2009 pursuant to the Preference Shares Guarantee Agreement.
The new value defense, contained in Section 547(c)(4), reduces a creditors preference exposure to the extent the creditor had replenished the debtor, by providing new goods or services, after receiving the preference.
Preference shares are securities issued by a company that do not carry voting rights like ordinary shares.
As preference handling is becoming important for many fields of AI, we have not been able to cover the full range of preference-related applications in this issue but have had to focus on some of the hot topics.
These two forms of the DELES are similar in structure, yet the items vary slightly in order to investigate students' learning environment preferences early in a class (Preferred form) and their perceptions during a class (Actual form).
At the time such an option is granted, the grant is not "on account of an antecedent debt," and therefore may not be considered a preference.
LEAs which have made the change to an equal preference scheme have found the parental satisfaction rate has increased over the years.
Second, I suggest two reasons why a critique of a particular use of preference apparently undermines the concept of preference in all its uses.
But the real reason, voting theorists say, is that the plurality vote distorted the preferences of the voters.
The conceptual components of the model are divided into two categories--motivation and preference.
One of the important aims of the career decision-making process is finding the alternative or alternatives most compatible with the individual's preferences and capabilities.
This section introduces very basic concepts used in social choice theory: preferences, preference profiles, interpersonal conflict within a preference profile, and graphs of social welfare functions.