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Big Bang The term applied to the liberalization in 1986 of the London Stock Exchange (LSE) when trading was automated. Big Board A nickname for the New York Stock Exchange (NYSE). Also known as The Exchange. More 56 than 2,000 common and preferred stocks are traded. Founded in 1792, the NYSE is the oldest exchange in the United States, and the largest. It is located on Wall Street in New York City. Big picture To highlight trading interest due to the size of the trade. Big producer A successful broker who generates a large volume of commission.
Availability float Checks deposited by a company that have not yet been cleared. Available on the way in In context of general equities, stock is available to new customer as trade initiated by another customer is about to be consummated (on the exchange floor). Usually said to an inquiring salesperson. See: Open. Aval Term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge.
Beggar-thy-neighbor An international trade policy of competitive devaluations and increased protective barriers that one country institutes to gain at the expense of its trading partners. Beggar-thy-neighbor devaluation A devaluation that is designed to cheapen a nation's currency and thereby increase its exports at the expense of other countries. Devaluation can also reduce a nation's imports. Such devaluations often lead to trade wars. Behind Used for listed equity securities. At the same price but entered after your order/interest, such as on the specialist's book.