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 classic literature ?
And the protector of the people is like him; having a mob entirely at his disposal, he is not restrained from shedding the blood of kinsmen; by the favourite method of false accusation he brings them into court and murders them, making the life of man to disappear, and with unholy tongue and lips tasting the blood of his fellow citizen; some he kills and others he banishes, at the same time hinting at the abolition of debts and partition of lands: and after this, what will be his destiny?
And he, the protector of whom we spoke, is to be seen, not `larding the plain' with his bulk, but himself the overthrower of many, standing up in the chariot of State with the reins in his hand, no longer protector, but tyrant absolute.
Being one day abroad with my protector the sorrel nag, and the weather exceeding hot, I entreated him to let me bathe in a river that was near.
Whether she would find a protector in him she could not tell; but Mr.
"What good are marigold wreaths when one is on the rubbish- heap?" said the Jackal, hunting for fleas, but keeping one wary eye on his Protector of the Poor.
"Once I heard that even the Protector of the Poor made a mistake," said the Jackal viciously.
The Protector of the Poor has condescended to inform me, his slave, that once in his life he has been wounded by a woman.
And afterward what, if it be permitted to ask, did the Protector of the Poor do?"
"And would it be indiscreet to ask you the name of this powerful protector?"
"Monsieur!" cried Madame de Saint-Remy, with an explosion of hilarity, "monsieur is your protector! Is the man whose credit is so powerful, and whose promises are as good as deeds, Monsieur Malicorne?"
He has told me that you think him your protector, and he has played upon this to win your confidence that it might be easier to carry you north and sell you into some black sultan's harem.
Jane Clayton could not know how much of Mohammed Beyd's indictment might be true, or how much false; but at least it had the effect of dampening her hopes and causing her to review with suspicion every past act of the man upon whom she had been looking as her sole protector in the midst of a world of enemies and dangers.