Protect

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Protect

Assure the salesperson or trader that interest, buy or sell, will be attended to, given any change in the trading circumstances, as follows:
At a price: If the stock trades at a certain price or price range, the trader will show this market to the salesperson and thus allow participation under these favorable circumstances.
Floor protection: Representation of a client on the floor of the exchange-so that if size were to trade at his price or a better price, salesperson would participate.
Volume (OTC): If a certain amount of volume trades (that parallels the protectee's interest), trader assures salesperson of reasonable participation in the trading activity. The extent of this protection depends on liquidity, number of market makers, and other aspects of the stock.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
References in periodicals archive ?
With pressure being forced on Keys in the dying moments of the game, Davies earned himself a yellow card, meaning the away side had to protect the lead with only 14 men.
To a greater or lesser extent, they try to protect the lead they have gained.
It took an early try from Gareth Owen to put them in front and they managed to protect the lead for the rest of the match.
Meanwhile, Minnesota had a 10-point lead late in the 3rd quarter in New Orleans but couldn't protect the lead once again.
After Suggett had fired the Baggies ahead in the 71st minute, Osborne pulled off a stunning save soon after to protect the lead.
"They dropped deep and they tried to protect the lead, but you have to score a goal and try and get in their half," Jol added.