That part of a broking firm which is responsible for post trade activities. The Back-office can be a single department or multiple units (documentation, accounting, risk management, settlements etc.)
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The excess subscription amount received by the company in case of an oversubscribed IPO is called oversubscription.
In a rolling settlement, each trading day (“T”) is considered as a trading period and trades executed during the day are settled […]
An organization, usually a bank or other approved institutions that hold the securities and other assets of mutual funds and other institutional […]
The rate at which the first transaction in a security is struck after the opening of the market.