POSIT

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POSIT

An electronic system that matches buy and sell orders made on an exchange by institutional investors. It was established jointly by BARRA and Investment Technology Group in 1987.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

POSIT

An electronic system launched in 1987 that matches institutional buy and sell orders for individual stocks and for portfolios of stocks. Trades are priced from the stock's primary market at the time the match is run, and matches take place at the midpoint of the best asking price and the best selling price. POSIT is a joint venture between Investment Technology Group and BARRA, a financial data provider.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
But Belting overstates the contrasting monolithic quality of traditional art history, since one can find a level of alterity even in the writings of the old guard--Aby Warburg, on the Pueblo Indians, say, or Riegl, in positing a history of ornament against the materialist assumption that it must, as decoration, be a universal answer to a timeless human need.
Citing the 1478 Treviso Arithmetic, Giorlamo and Giovanntonio (sic) Tagliente's 1548 Libro d'abaco, Robert Recorde's 1542 Grounde of Artes, and Raphael Bombelli's 1572 Algebra, Jaffe speculates: "In the wake of zero, the quest for mathematical knowledge comes to revolve around the positing of impossible fictions that stand for value, count for it, are counterfeits.
Miller perhaps goes too far in positing the role of author as "a perpetually alternative venue for 'changing the subject'" (143); however, she presents a persuasive case for the decisive role of gendered audience response.
On an inter- national level in the developments towards Documenta 11 among a number of initiatives, a highly speculative debate is taking form, positing alterity, inclusivity and highly romantic notions of the local as sole counternarratives for a specific model of Western exciusionism.
This "mistake" is the result of the influence that pictures have had on philosophers' notions of mental representation: "Their sole reason for positing such images [images that are conveyed intact from the senses to the brain] was that they saw how easily a picture can stimulate our mind to conceive the objects depicted in it, and so it seemed to them that, in the same way, the mind must be stimulated, by little pictures formed in our head, to conceive objects that affect our senses."(18)
By positing the metronome as the performer of the concert (the pendulum weights were set so that each beat at a different speed), the work inverted the normal functions and roles of practical aids and musical instruments.