Clean

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Clean

In the context of general equities, block trade that matches buy or sell orders/interests, sparing the block trader any inventory risk (no net position and hence none available for additional customers). Natural. Antithesis of open.

Clean

1. Describing a block trade in which the buyer agrees to buy all of the seller's securities or inventory he/she is offering. It often happens that a buyer is only interested in, say, half or three quarters of the securities a seller is offering. This leaves the seller with extra securities he/she does not want, and exposes him/her to the risk that they will be sold either at a low price or not at all. A clean transaction spares the seller from this risk, as the buyer takes all the securities offered off of the seller's hands.

2. Describing a company or individual with little or no debt. See: Clean balance sheet.
References in periodicals archive ?
Kennedy is writing the first truly revealing, intimate portrait of growing up a Kennedy, and coming clean about his own inner demons, as part of a major effort to de-stigmatize all diseases of the mind.
However, Coming Clean indicates that known financially material risks and uncertainties stemming from such environmental exposures are not being adequately disclosed.
But McCord still wants to take the organisation to task for not coming clean about his 22-year-old son's brutal murder, and he wants someone prosecuted.
Bryony Schwan, coordinator of the Coming Clean campaign, argues, "Chemicals that could potentially harm the development of babies don't belong in products marketed to women.
in New York, said Tenet is finally coming clean with the public.
She is still having trouble coming clean to loser-in-love Mike (Seamus Moran) but Mags (Joan Brosnan-Walsh) urges her to come clean.
I LOVE the way no one on Emmerdale is coming clean about what size Kelly Windsor is supposed to be (size zero) for fear of starting an anorexia epidemic among teenage viewers.
Tristram Ricketts deserves plenty of credit (though he's unlikely to need any) for coming clean - 'in the interests of transparency' - over his salary and benefits package of pounds 215,344.
He may have a hard time convincing the courts to let him go ahead with a class-action suit, but that shouldn't stop the county from coming clean on whether it has properly refunded all the taxpayers it has overcharged.
It did take a lot of pushing to persuade him to the merits of coming clean.